3531 Boston RdThe Bronx, NY 10469

Property Details for 3531 Boston Rd

Year built

1930

Lot size

0.10 AC

Property size (Sq ft)

3,196 SF

Zone code

C8-1

Property type

Retail space

APN

04724-0034

APU

47240034

Description

This newly renovated 3,200 square foot retail strip center is available for lease on Boston Road in the Bronx, New York. Located at 3525-3531 Boston Road, near the intersection with Mickle Avenue, this property boasts a prime location on one of the busiest commercial corridors in the borough, with over 18,000 vehicles passing daily. The building is classified as Class D and offers a total of six parking spaces for customer convenience. The space is currently divided into multiple tenancies, with a barbershop, insurance office, and locksmith currently occupying the units. However, all 3,000 square feet of vacant space can be made available within 30-60 days. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 3,000 square feet, offering flexibility for various business needs. This location benefits from strong neighboring retailers, including well-known brands such as Clean Rite Center, Arch Autoparts, Burger King, Popeyes, and Walgreens, ensuring a consistent flow of both foot and vehicle traffic. The property's high visibility and convenient location make it an ideal opportunity for businesses seeking a strong presence in a thriving Bronx commercial area. The zip code is 10469.

• CAP approach

  CAP return

  Valuation

  6%

  $776,740

  6.5%

  $716,990

  7%

  $665,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,052,325

  Geo Method

  $1,052,325

• Alternative Use

  Use

  Valuation

  Residential

  $604,808

  Hospitality

  $554,001

  Educational

  $460,922

  Medical

  $476,774

  Retail

  $716,990

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8777

Longitude

-73.8455

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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