3480-3490 Boston Rd - Storefront FOR SALE


Bronx, NY 10469- Laconia
$6,250,000 USD
646-933-2615
3480-3490 Boston Rd, Bronx, NY for Sale
$6,250,000 USD
Storefront - FOR SALE
1/14
null | 4.81% Cap Rate

3480-3490 Boston Rd
Bronx, NY 10469
Laconia


HIGHLIGHTS

  • Single-story corner retail building located at the intersection of Boston Road and Corsa Avenue in the Laconia section of the Bronx for sale
  • Built in 1950, the building totals approx. 8,450 SF and is comprised of three retail spaces, currently occupied by Domino’s, USPS, and an event space
  • The property benefits from 100 feet of frontage along Boston Road, a heavily trafficked corridor with approximately 28,000 vehicles passing daily
  • The property is in proximity to the Baychester Avenue subway station (6 line), providing convenient transit access for the surrounding trade area
  • investors can capture upside through expiring leases and under-market rents while an end user could occupy the existing 3,000 sf space

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 3480 Boston Road, a single-story corner retail building located at the intersection of Boston Road and Corsa Avenue in the Laconia section of the Bronx. Built in 1950, the building totals approximately 8,450 square feet and is comprised of three retail spaces, currently occupied by Domino’s, USPS, and an event space. The property benefits from 100 feet of frontage along Boston Road, a heavily trafficked corridor with approximately 28,000 vehicles passing daily. The offering presents multiple paths to value, investors can capture upside through expiring leases and under-market rents, while an end user could occupy the existing 3,000 square foot space. The property is in proximity to the Baychester Avenue subway station (6 line), providing convenient transit access for the surrounding trade area.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

4.81%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R5

APN/PARCEL ID

04743-0001

ASK ABOUT THIS PROPERTY

Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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Jared FriedmanInvestment Property Realty GroupMore Info
646-933-2615

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