1144 Rev James Polite Avenue, Bronx, NY 10459

Property Description

Presenting a rare commercial parking garage asset situated on Rev James Polite Avenue in the heart of the Foxhurst section of the Bronx. Engineered for steady cash flow, low overhead, and high-demand urban utility, this property delivers approximately 750 square feet of interior space on a 1,101-square-foot lot. Property Features & Layout Configuration: A compact, highly functional commercial footprint well-suited for a variety of operational models. Operational Versatility: Ideal for traditional hourly parking, daily rentals, monthly leases, secure storage, fleet parking, or contractor space. Efficiency: Designed for low overhead maintenance while maintaining robust revenue potential relative to its footprint. Financial & Investment Highlights Parking Revenue: Secured parking spaces in this Bronx submarket typically command between $250 and $400 per month per vehicle depending on access, security, and demand. Alternative Commercial Use: Flexible-use or storage spaces in the area frequently lease at approximately $20 to $25 per square foot annually, translating to estimated monthly yields of $1,200 to $1,500+ based on setup. Strategy: A stable, income-generating asset offering reliable cash flow and strong long-term demand in a high-density urban market. Prime Location Strategically positioned within a well-connected Bronx corridor with close proximity to major roadways, bus routes, and subway access points, ensuring consistent accessibility and strong occupancy demand from local residents, commuters, and small businesses. A rare commercial acquisition offering steady income potential, operational flexibility, and lasting urban utility in a prime Bronx location.