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500 City Island AveBronx, NY 10464
500 City Island
Asset ClassRetail
Overview
Northgate Real Estate Group is pleased to present the exclusive opportunity to acquire 500 City Island Avenue, a lender-owned, free-standing corner retail building located on the main commercial corridor of City Island, Bronx. The property features 6,796 SF of building area on a 16,625 SF lot with 268 feet of wraparound frontage, on-site private parking, and a fully vented, turnkey restaurant buildout — rare assets on the island. Seller financing is available, and the property presents exceptional flexibility for a restaurant, café, event space, boutique, or mixed-use redevelopment in one of New York City's most distinctive waterfront submarkets.
Investment 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 – The property is 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 – Perfect for a restaurant, café, retail store, event space, boutique shop, art gallery, or mixed-use redevelopment, offering flexibility and long-term investment potential.
- SIZE & SITE ADVANTAGES – 6,796 SF of building area on a 16,625 SF lot, featuring on-site private parking, a rare and valuable asset on City Island.
- HIGH FOOT & VEHICLE TRAFFIC – City Island Avenue is the busiest thoroughfare in the area, drawing locals, tourists, and boaters year-round.
- THRIVING DINING & RETAIL SCENE – Positioned among renowned restaurants such as City Island Lobster House, Sammy’s Fish Box, Artie’s Steak & Seafood, and The Black Whale, as well as boutique shops and art galleries, ensuring a built-in customer base.
- STRONG DEMOGRAPHICS & AFFLUENT CUSTOMER BASE – 38% of City Island’s residents earn over $150,000 annually, making it an ideal location for premium dining, retail, or service businesses.
- CLOSE PROXIMITY TO KEY ATTRACTIONS – Minutes from City Island Marina, yacht clubs, boat rentals, and waterfront parks, drawing visitors from across NYC and Westchester.
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500 City Island AveBronx, NY 10464
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