620 Morris Park Ave, Bronx, NY 10460

Wanted Investors and Developers - Imagine the Possibilities

This offering presents a rare opportunity for development. 3,412 As-Of Right Residential Buildable Square Feet (BSF) corner development site. Corner 39' x 70' lot, 109 feet of wraparound frontage on Morris Park Avenue and Fillmore Street, a high-traffic location (10,000+ average daily traffic). Conveniently located near the Bronx River Parkway, White Plains Road and within walking distance to subway station (2 & 5 trains) at East 180th Street / Morris Park Avenue. 2,730 square feet existing building, the current improvements, which includes a full basement, need TLC plus some major repairs - A GUT REHAB. This property is in poor condition. However, Imagination and a bit of work will reward you with a real dream property. A Diamond in the Rough - Significant Redevelopment Potential or Complete Renovation of the Asset. The property is zoned R5 with a Floor Area Ratio (FAR) of 1.25 which typically produces three-story attached houses and small apartment houses with a height limit of 40 feet. SOLD "AS IS" Cash Buyers, Corporate Investors and Developers preferred. Asking price $1,000,000.