3972 3Rd AveThe Bronx, NY 10457

Property Details for 3972 3Rd Ave

Year built

2008

Property size (Sq ft)

1,306 SF

Zone code

R8A

Property type

Retail space

APN

02929-1001

APU

29291001

Description

This exceptional 1,223-square-foot retail space is ideally situated at 3972 Third Avenue in the Bronx, New York, within the 10457 zip code. The property is a single-tenant space, offering complete flexibility for a wide range of retail businesses. The entire 1,223 square feet is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a business seeking a move-in ready location. Located in Bronx County, New York, this property benefits from high visibility and accessibility, making it an attractive proposition for businesses aiming to establish a strong presence in a thriving community. The property's classification as commercial retail ensures its suitability for a variety of uses, subject to any necessary permits and approvals. This is a single-tenant building, providing a dedicated and independent space for the tenant. The property's address is 3972 Third Avenue, The Bronx, NY 10457, with precise coordinates at latitude 40.840769 and longitude -73.89895. This presents a rare opportunity to secure a well-located, sizable retail space in a dynamic area of The Bronx. The property is available for lease, offering a blank canvas for a new business venture or a relocation opportunity for an existing one. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The space is ready for immediate customization and occupancy, allowing for a swift and efficient business launch. Don't miss this chance to secure a prime retail location in a vibrant and growing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $317,404

  6.5%

  $292,988

  7%

  $272,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $430,018

  Geo Method

  $430,018

• Alternative Use

  Use

  Valuation

  Residential

  $247,146

  Hospitality

  $226,385

  Educational

  $188,349

  Medical

  $194,827

  Retail

  $292,988

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8402

Longitude

-73.8993

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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