Lender Owned | REO Sale

Description:

Lender Owned | REO Sale | 500 City Island Avenue, Bronx, NY

HIGHLIGHTS:

* High-visibility corner location – Exceptional 176’ of frontage on City Island Avenue and 92’ on Beach Street, ensuring maximum exposure on the island’s main commercial corridor

* Turnkey restaurant infrastructure – Currently vacant, having most recently operated as a Japanese restaurant; the space remains fully vented and outfitted with all kitchen & restaurant equipment, offering a seamless transition for food operators

* Multiple commercial possibilities – Ideal for a restaurant, café, retail store, event space, boutique shop, art gallery, or mixed-use redevelopment

* Size & site advantages – 6,796 SF building on a 16,625 SF lot featuring on-site private parking — a rare and valuable asset on City Island

* Thriving dining & retail scene – Positioned among renowned restaurants including City Island Lobster House, Sammy’s Shrimp Box, Artie’s Steak & Seafood, and The Black Whale, as well as boutique shops and art galleries

* Affluent, built-in customer base – 38% of City Island residents earn over $150,000 annually, with an average household income of $151,583 — among the highest in the Bronx

* Year-round destination traffic – Minutes from City Island Marina, multiple yacht clubs, and waterfront parks, drawing visitors from across NYC and Westchester


Asking: $1,750,000