5 Canal Place | 5-2566 Canal Pl
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5 Canal Place 5-2566 Canal Pl
56,200 SF Industrial Building Bronx, NY 10451 $12,949,999 ($230/SF)
Investment Highlights
- This property is 1 block in proximity to the M Train/4.5 subway station and 1 block from the Interstate-87 thruway.
- The electrical system has been updated in both buildings.
- This property is in close proximity to neighboring businesses such as Rosa's at Park and Wingate by Wynham Bronx/Haven Park
- 2564 Park Avenue and 5 Canal Place both contain open floors plans in each building.
- 2564 Park Avenue and 5 Canal Place offer two gated doors and large freight elevators in each building.
- Call or Text Damian at (516) 852-0368 for more information today!
Executive Summary
Seller is now offering potential seller financing to qualified buyers. The lot contains two existing buildings comprising approximately 56,200 sf of gross floor area. The building fronting Park Avenue, with an address of 2564 Park Avenue, consists of three stories above grade, currently used as a Factory, and is 39’-0” high. The building fronting Canal Place, with an address of 5 Canal Place, consists of five stories above grade, used as Warehouse or Storage, and is approximately 76’-0” high. Adjacent to the left of this building there is a fenced triangular parking lot for truck and car parking. The property is located on an irregularly shaped through lot with two zoning districts (see zoning description). The lot is zoned for a variety of uses, primarily commercial and manufacturing, with a portion of the lot zoned for residential and community facility uses. Some uses, such as a hotel, will require a special permit. It may be possible to extend a residential or community facility use throughout the entire zoning lot with (BSA) special permit. (Consult with Architect).
Property Facts
Amenities
- Fenced Lot
- Metro/Subway
- Yard
- Fluorescent Lighting
- Air Conditioning
Utilities
- Heating - Oil (Steam)
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Walk Score ®
Very Walkable (88)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
6
0 h 14 m
Philadelphia
1,584,138
103
2 h 6 m
Boston
694,583
206
4 h 22 m
Washington
702,455
236
4 h 47 m
Columbus
892,533
563
10 h 33 m
Detroit
672,662
622
11 h 37 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
6,995,573
Total Labor Force
3,577,857
Unemployment Rate
4.89%
Median Household Income
$73,089
Warehouse Employees
326,022
High School Education Or Higher
85.10%
PROPERTY TAXES
| Parcel Number | 02340-0011 | Improvements Assessment | $1,551,600 |
| Land Assessment | $94,500 | Total Assessment | $1,646,100 |
PROPERTY TAXES
Parcel Number
02340-0011
Land Assessment
$94,500
Improvements Assessment
$1,551,600
Total Assessment
$1,646,100
zoning
| Zoning Code | M1-2, M1-4/R7, MX-13 (Zoning Lot Area within M1-2 district: 6,386.12 sf / 18,091 sf = 35.3% Zoning Lot Area within M1-4/R7X district and MX-13 SPD 11,704.88 sf = 64.7%) |
| M1-2, M1-4/R7, MX-13 (Zoning Lot Area within M1-2 district: 6,386.12 sf / 18,091 sf = 35.3% Zoning Lot Area within M1-4/R7X district and MX-13 SPD 11,704.88 sf = 64.7%) |
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5 Canal Place | 5-2566 Canal Pl
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