4322-4324 Bullard Avenue, NY
Vacant Industrial Lot with Approved Plans for New Warehouse
Overview
Key Highlights
- Price $1,500,000
- Zoning M1-1
- Lot Size 4,501
- Proposed Gross Building Sq. Ft. 8,143
Key Facts
Ariel Property Advisors is pleased to present 4322-4324 Bullard Avenue, a vacant lot located on the east side of Bullard Avenue, between East 236th Street & East 237th Street in the Wakefield section of the Bronx.
The subject lot is 4,501 SF with 50’ of frontage on Bullard Avenue. The M1-1 zoning (FAR: 1.0 on the as-of-right and 2.4 with Community Facility) allows for 4,501 and 10,801 buildable square feet, respectively. Current ownership has approved plans in place for an 8,143 gross square foot building & the site qualifies for an ICAP tax abatement. The site also has an easement with the adjacent rear lots on Bronx Blvd, allowing for car/truck access from the rear of the subject lot.
4322-4324 Bullard Avenue is in a densely populated area of the North Bronx. Transportation throughout the Bronx, Westchester, New Jersey, Long Island, and the greater NYC area is provided by the Bronx River Parkway and the Major Deegan Expressway which are within a half-mile of the property. Easy access to the Tri-State area makes this asset strategically located for a last-mile distribution facility for both investors and owner-users alike. Nearby public transportation options include several bus lines (Bx16 & Bx39), the Woodlawn Bridge Metro-North station, and the 2/5 trains at the Nereid Avenue station.
Offering scale and a great location in a rapidly appreciating neighborhood, 4322- 4324 Bullard Avenue represents an outstanding opportunity in a rapidly up and coming Bronx neighborhood.
The subject lot is 4,501 SF with 50’ of frontage on Bullard Avenue. The M1-1 zoning (FAR: 1.0 on the as-of-right and 2.4 with Community Facility) allows for 4,501 and 10,801 buildable square feet, respectively. Current ownership has approved plans in place for an 8,143 gross square foot building & the site qualifies for an ICAP tax abatement. The site also has an easement with the adjacent rear lots on Bronx Blvd, allowing for car/truck access from the rear of the subject lot.
4322-4324 Bullard Avenue is in a densely populated area of the North Bronx. Transportation throughout the Bronx, Westchester, New Jersey, Long Island, and the greater NYC area is provided by the Bronx River Parkway and the Major Deegan Expressway which are within a half-mile of the property. Easy access to the Tri-State area makes this asset strategically located for a last-mile distribution facility for both investors and owner-users alike. Nearby public transportation options include several bus lines (Bx16 & Bx39), the Woodlawn Bridge Metro-North station, and the 2/5 trains at the Nereid Avenue station.
Offering scale and a great location in a rapidly appreciating neighborhood, 4322- 4324 Bullard Avenue represents an outstanding opportunity in a rapidly up and coming Bronx neighborhood.
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