2372 Hughes Ave - Retail FOR SALE


Bronx, NY 10458- Belmont
$1,850,000 USD
646-993-7327
2372 Hughes Ave, Bronx, NY for Sale
$1,850,000 USD
Retail - FOR SALE
1/46
null | Request Cap Rate

2372 Hughes Ave
Bronx, NY 10458
Belmont


HIGHLIGHTS

  • Generational Ownership Opportunity | The former Addeo’s Bakery, a Belmont institution for decades, is being offered for sale for the first time
  • Strong Transit and Anchor-Driven Foot Traffic | Minutes from the Fordham Metro-North station, the B/D trains at Fordham Road, and the Bx12 SBS corrido
  • Prime Belmont Retail Location | Steps from Arthur Avenue, the property benefits from exceptional pedestrian traffic generated by one of the Bronx’s pr
  • Delivered Vacant with Multiple Value-Creation Strategies | Owner-user opportunity, flagship retail location, or utilizing mixed-use footprint to maxim
  • Supply-Constrained Market | One of the Bronx’s most tightly held commercial corridors, where owner-users and investors compete for limited inventory

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 2372 Hughes Avenue, a±4,600 SF two-story mixed-use corner building in the Belmont section of the Bronx — the historic heart of the borough’s Little Italy. The propertycomprises a ±3,340 SF ground-floor commercial unit, long occupiedby Addeo’s Sons Bakery, a family-owned Italian bakery serving theneighborhood for over 80 years, and two residential apartments above.Situated on a ±4,371 SF lot at the corner of Hughes Avenue and East 186thStreet, the building sits one block from East 187th Street and steps fromArthur Avenue, a retail corridor lined with generations-old delis, bakeries,and cafes that drawstourists and shoppers from across the tri-state area.Delivered vacant, 2372 Hughes Avenue presents an ideal opportunity for anowner-user seeking a turnkey commercial space with income-producing apartments, or an investor pursuing a straightforward lease-up strategy in a supply-constrained, high-foot-traffic neighborhood. The R6/C1-4 zoning provides conversion potential, adding long-term development upside to an asset anchored by one of the Bronx’s most enduring commercial districts.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$402 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Addeo & Sons Bakery

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R6

APN/PARCEL ID

03074-0015

ASK ABOUT THIS PROPERTY

Mitchel FlahertyRIPCO Real EstateMore Info
646-993-7327

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Mitchel FlahertyRIPCO Real EstateMore Info
646-993-7327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.