1144 Rev James Polite Avenue

Description

Parking Garage for Sale in Foxhurst – Prime Investment with Turnkey Management. Discover this rare commercial opportunity in the Foxhurst neighborhood of the Bronx. This parking garage, located on Polite Avenue, sits on a 750 sq. ft. structure with a lot size of 1,101 sq. ft. With its compact yet functional layout, this property is ideal for investors or entrepreneurs looking to establish a reliable income-generating business in a high-demand area. Parking continues to be one of the most valuable commodities in New York City, and this garage offers the potential to capitalize on that demand—whether for daily rentals, monthly parking agreements, or even as a private storage facility. The property is situated in a well-connected neighborhood, close to major roadways and public transportation, ensuring consistent traffic and accessibility for clients. Its size and layout make it flexible for different business models, from traditional parking to creative commercial use. Investment Potential & Passive Income - This property is designed for the savvy investor who wants their asset to work for them. Whether you choose to use the space for your own needs or lease it out entirely, the income potential is significant: Monthly Parking: In the current market, secure private parking spots in this area of the Bronx can command between $250–$400 per month. With 750 sq. ft., you can easily generate substantial monthly revenue from multiple vehicles. Commercial Storage: Local demand for "micro-flex" or contractor storage is high, with similar spaces renting for approximately $20–$25 per sq. ft. annually, potentially yielding $1,200–$1,500+ per month. Purchasing the property is just the first step. Our team also offers full rental and tenant-placement services after purchase, helping you transition seamlessly from closing to cash flow. Whether you are seeking a stable long-term investment, a space to expand your current business, or a new commercial venture in a thriving Bronx neighborhood, this Foxhurst parking garage presents an ideal opportunity at an attractive price point.