Prime Bronx Development Site - Opportunity Zone
454-456 E 180th St, New York City, NY 10457
Marketing description
Prime Bronx Development Site – Opportunity Zone Upside
454–456 E 180th St, Bronx, NY 10457 | ~9,000 SF Lot | $2,500,000
Development Opportunity – 454 & 456 East 180th Street, Bronx, NY 10457 Rare opportunity to acquire a combined 8,981 SF development site located in the heart of the Bronx’s Tremont neighborhood, just off Webster Avenue and minutes from the Bronx Zoo, Fordham Road, and major transit hubs. This site consists of two adjacent tax lots: 454 East 180th Street (M1-1 zoning – light manufacturing/commercial) 456 East 180th Street (R5 zoning – residential) Together, they offer as-of-right development potential of up to 10,364 buildable square feet, with further upside possible through rezoning or special use approvals. The site is currently vacant, flat, and ready for new construction. Ideal for small-scale residential, mixed-use with community facility, or commercial redevelopment. Located within an Opportunity Zone, this property provides significant tax advantages for investors and developers looking to build in a high-demand, growth corridor of the Bronx. This is a prime infill development opportunity in an emerging neighborhood with strong long-term growth and rental demand.
Investment highlights
- $2,500,000 purchase price
- Ability to build 10,000+ SF as-of-right
- Opportunity Zone → potential tax advantages
- Flexible zoning allowing multiple exit strategies
- Strong rental and user demand in the area
- Rare vacant site in a built-out neighborhood
- Development Overview: Total Lot Size: 8,981 SF (0.21 AC)
- As-of-Right Buildable: ~10,364 SF
- Zoning: R5 + M1-1 (M1-1/R7-1 overlay)
- Vacant, flat site – ready for immediate development
- Wide street frontage for efficient layouts and access
- Located in a designated Opportunity Zone
- Development Potential: Residential development (R5 zoning)
- Commercial / light manufacturing (M1-1 zoning)
- Mixed-use project combining residential + commercial/community use
- Potential upside through rezoning or special permits
- Ideal Uses: Multifamily rental or workforce housing
- Mixed-use (retail/community facility + residential)
- Medical offices or community facility
- Light industrial / storage / trade operations
- Educational, nonprofit, or institutional use
- Location Advantages – Tremont, Bronx:
- Close to 2 & 5 subway lines
- Multiple bus routes nearby
- Near major retail corridors and shopping hubs
- Minutes from Bronx Zoo & Bronx Park
- Dense residential population driving demand
- Growing corridor with long-term upside
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