For Sale
$2,250,000

1598 Bronxdale AveThe Bronx, NY 10462

Prime Bronx retail complex, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a three-building retail complex located at 1598 Bronxdale Avenue in the Bronx, New York, 10462. The property boasts a total of 3,500 square feet of commercial space situated on a 6,640 square foot lot, offering significant potential for a variety of retail uses. The asking price is $2,250,000, translating to a price per square foot of $339 and a pro-forma cap rate of 9.65%. The buildings are all single-story structures, featuring ceiling heights ranging from 10 to 20 feet. The flexible layouts allow for multiple storefronts and the possibility of incorporating second-floor office space. The property benefits from over 263 feet of commercial frontage on Bronxdale Avenue, providing excellent visibility and accessibility. Ample parking is available with multiple curb cuts, accommodating over 10 vehicles. A fully operational gas pump is also included on the property. The property is zoned C8-1, offering a range of permitted uses. This is a rare opportunity to acquire a well-located, multi-building retail complex with significant upside potential in a thriving Bronx neighborhood. The combination of high visibility, ample parking, and flexible space makes this an ideal investment for both seasoned and emerging investors.

Highlights

  • 263+ feet of commercial frontage.
  • Ample parking with multiple curb cuts.
  • C8-1 zoning.
  • Three buildings with parking for 10+ vehicles.
  • Operational gas pump.
  • 10-20 foot ceiling heights.

Property Details for 1598 Bronxdale Ave

Property type
Retail properties
Square Feet
3,500 SF
Buildings
3
Stories
1

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.843639
Longitude
-73.8562296
1598 Bronxdale Ave, The Bronx, New York

FAQs

What type of property is this?
Retail property - Prime Bronx retail complex, high cap rate.
Where is the retail property located?
The property is located at 1598 Bronxdale Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 263+ feet of commercial frontage.; Ample parking with multiple curb cuts.; C8-1 zoning.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1598 Bronxdale Ave
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