4311 Broadway New York, NY 10033

This exceptional 2,722-square-foot retail building, situated on a prime corner lot in Washington Heights, Manhattan, presents a compelling investment opportunity. Currently configured as a supermarket, the property will be delivered vacant, allowing for immediate customization to suit a variety of retail uses. The single-story structure, built in 1956 and renovated in 1960, features four on-site parking spaces and additional basement office space. A significant advantage is the inclusion of 4,240 square feet of unused floor area ratio (FAR), offering substantial potential for expansion or redevelopment. The property sits on a 3,475-square-foot lot and is zoned R7-2, C8-3. Its strategic location near the 181st Street (A) subway station ensures excellent accessibility and high visibility. The asking price is $2,750,000, translating to $1,010.29 per square foot and $892.08 per square foot for the land value. This property offers a rare blend of immediate income potential and long-term growth prospects in a thriving Manhattan neighborhood. The building's convenient location provides easy access to local amenities, including nearby colleges, parks, and various retail establishments. This presents a unique chance to acquire a well-positioned retail asset with significant upside potential in a highly desirable area.