3208 3Rd AveBronx, NY 10451

Property Details for 3208 3Rd Ave

Year built

1931

Property size (Sq ft)

4,760 SF

Property type

Retail properties

Property subtype

Office properties

Description

This fully renovated, three-story mixed-use building at 3208 Third Avenue in the Bronx, New York (zip code 10451), offers a unique investment opportunity. The 21,620 square foot building, constructed in 1931 and completely renovated in 2024, features a blend of office and retail space. The property sits on a 6,550 square foot lot and is zoned C4-4. The building boasts a magnificent new 15-foot-wide staircase connecting the ground and cellar levels, creating an expansive 11,900 square foot open retail space currently leased with a 90-day cancellation option. A new elevator services all three floors, each featuring over 16-foot ceilings. The second and third floors, ideal for creative office space, have undergone a complete gut renovation, including new HVAC systems and bathrooms. The building's prime location on a busy Bronx corridor places it near major transportation, schools, and numerous amenities. Nearby developments include Boricua College, Boricua Village (700+ units), Saint Ann's Apartments (660+ units), and La Central (992 units), as well as a new YMCA. The area also features a high density of retail establishments, including Foot Locker, ALDI, Five Below, and many others. This property presents a compelling value-add investment opportunity in a thriving commercial corridor. The building is currently vacant except for the ground and cellar level retail tenant. The sale is a For Sale By Owner transaction.

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8231

Longitude

-73.9091

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