UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1002785
Rental Info No
Year Built 1910
Annual Tax Amount $3,807
Lot Size 1,102 Sqft
Acres 0.0253
Property Sub-Type Business
Source onekey2
Property Description
Presenting a rare commercial asset located in the heart of the Foxhurst section of the Bronx, this parking garage offers a unique opportunity for investors seeking a stable, income-generating property in a consistently high-demand market. Positioned on Polite Avenue, the structure consists of approximately 750 square feet of interior space on a 1,101 square foot lot, providing a compact yet highly functional footprint suited for a variety of commercial uses.
This property stands out as a strategic investment in a neighborhood where parking remains an ongoing and increasing necessity. With limited availability of secure parking options in the surrounding area, this asset is well-positioned to benefit from steady demand driven by local residents, commuters, and small business operators. Its configuration allows for flexible operational strategies, including hourly parking, daily rentals, monthly leases, or alternative commercial applications such as storage or contractor space.
The location further enhances its value. Situated within a well-connected Bronx corridor, the property benefits from close proximity to major roadways, bus routes, and subway access points. This connectivity ensures consistent accessibility for users while supporting strong occupancy potential throughout the year. The surrounding area features a mix of residential buildings, retail activity, and service-based businesses, all of which contribute to ongoing demand for parking and auxiliary space.
The structure itself offers versatility for multiple income strategies. Investors may choose to operate a traditional parking model, maximize revenue through monthly tenants, or explore niche uses such as secure storage, fleet parking, or small-scale commercial leasing. The compact size allows for low overhead while still maintaining strong income potential relative to the footprint.
Investment Highlights & Income Potential
This asset is designed for investors seeking reliable cash flow with minimal complexity. In the current market, secured parking spaces in this section of the Bronx typically rent between $250 and $400 per month per vehicle, depending on access, security, and demand. With efficient space utilization, the property can support multiple vehicles, creating meaningful monthly revenue potential.
Additionally, alternative commercial uses such as storage or contractor space present further upside. Similar flexible-use spaces in the area often lease at approximately $20 to $25 per square foot annually, translating to estimated monthly income potential in the range of $1,200 to $1,500 or more depending on configuration and usage.
Whether held as a long-term passive investment, operated as a hands-on income business, or integrated into an existing commercial portfolio, this Foxhurst parking garage offers versatility, consistent demand, and strong potential for return. Opportunities of this nature are limited in the area, making this a valuable acquisition for investors seeking dependable urban real estate assets in the Bronx.
Location
State NY
County Bronx County
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Utilities Available Trash Collection Public
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.