Located in Bronx County, the Bay Plaza Shopping Center offers an exceptional opportunity for retail businesses seeking high-visibility space. This multi-tenant shopping center boasts a total of 37,011 square feet of retail space, currently entirely vacant and available for lease. The property is highly divisible, with a minimum leasable unit size of 2,700 square feet and a maximum contiguous space of 25,000 square feet, providing flexibility for businesses of various sizes. This presents a unique chance to establish a presence in a vibrant commercial area. The expansive vacant space allows for complete customization and design to perfectly suit the tenant's needs and brand identity. The strategic location within Bronx County ensures high foot traffic and excellent exposure to a diverse customer base. This is an ideal opportunity for businesses looking to establish a strong foothold in a thriving retail market. The sheer size of the available space makes it suitable for a variety of retail concepts, from large-format stores to smaller boutiques, offering significant potential for growth and success. Interested parties are encouraged to inquire for further details and leasing options. The property is ready for immediate occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$132,548,320
6.5%
$122,352,296
7%
$113,612,848
Comparable approach
Method
Valuation
Relative Method
$179,576,192
Geo Method
$179,576,192
Alternative Use
Use
Valuation
Residential
$103,208,744
Hospitality
$94,538,656
Educational
$78,655,048
Medical
$81,360,120
Retail
$122,352,296
Location Insight
City
Bronx
County
Bronx
State
New York
Latitude
40.8674
Longitude
-73.8254
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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