3480-3490 Boston Rd - Storefront FOR SALE


Bronx, NY 10469- Laconia
$10,500,000 USD
516-279-8828
3480-3490 Boston Rd, Bronx, NY for Sale
$10,500,000 USD
Storefront - FOR SALE
1/22
null | Request Cap Rate

3480-3490 Boston Rd
Bronx, NY 10469
Laconia


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 12,500 Sqft. Block Long Strip Center With National Tenants For Sale On Boston Road!!!
  • The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 23 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts,
  • The Property Is Located In The Heart Of The Bronx Only Blocks From I-95 & The Gun Hill Road Train Station!!!
  • As Of Right You Can Build 4 Additional Stories!!!
  • Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone, +++!!!
  • This Could Be Your Investment Property Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 12,500 Sqft. Block Long Strip Center With National Tenants For Sale On Boston Road!!! The Property Features Great Exposure, Excellent Signage, R5/C2-2 Zoning, 23 Parking Spaces, High 14’ Ceilings, 2 Lots, Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, Sprinklers, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of The Bronx Only Blocks From I-95 & The Gun Hill Road Train Station!!!Neighbors Include Starbucks, Ford, Hyundai, The Bronx Zoo, CVS, Walgreens, Planet Fitness, YMCA, Macy’s, Marshall’s, Shake Shack, Firestone Complete Auto Care, Harbor Freight Tools, Buffalo Wild Wings, Wendy’s, Bob’s Discount Furniture, White Castle, Popeye’s Louisiana Kitchen, Golden Krust, Aldi, +++!!!! As Of Right You Can Build 4 Additional Stories!!! The Property Has A Daily Traffic Count Of Around 20,000 Cars Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Domino’s (2,200 Sqft. + Shared Parking): $68,623.44 Ann.; 5% Ann. Inc; Lease Exp.: 4/30/26 + (1) 5 Year Option. Tenant Pays Their Share Of Real Estate Taxes. USPS (5,952 Sqft. + Shared Parking): $118,800 Ann.; Lease Exp.: 2/28/26 + (1) 5 Year Option. M.A. Events (3,000 Sqft. + Rear Yard/Parking): $126,075 Ann.; Lease Exp.: 7/31/26. 90 Day Good Guy Clause. Pays 50% Of Real Estate Taxes. Corner Lot + Building (10,000 Sqft.): $450,000 Ann. NNN (Available) Pro Forma Gross Income: $763,498.44 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $8,296 Ann. Taxes: $120,256 Ann. Total Expenses: $128,802 Ann. Tax Rebate (Paid By The Stores): $90,192 Ann. Pro Forma Net Operating Income (NOI): $724,988.44 Ann.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$1,359 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Showroom, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R5, C2-2

APN/PARCEL ID

04743-0001

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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