3527-3537 Jerome Ave - Storefront FOR SALE


Bronx, NY 10467- Norwood
$6,800,000 USD
917-865-6537
3527-3537 Jerome Ave, Bronx, NY for Sale
$6,800,000 USD
Storefront - FOR SALE
1/10
null | 6.68% Cap Rate

3527-3537 Jerome Ave
Bronx, NY 10467
Norwood


HIGHLIGHTS

  • Exceptional location at the high-traffic intersection of Jerome Avenue and West Gun Hill Road with approximately 200 feet of wraparound frontage.
  • Features 7 retail stores providing a diversified and immediate income stream in a densely populated Bronx neighborhood.
  • Situated immediately adjacent to the Mosholu Parkway subway station (4 Train), ensuring constant foot traffic and easy accessibility.
  • Zoned R7-1/C1-3 with approximately 23,655 SF of unused air rights, offering a significant opportunity for future residential or mixed-use development.
  • A well-maintained 9,000 SF single-story building on a large 9,500 SF lot, originally built in 1926.

OVERVIEW

This prime corner investment property, located at the high-traffic intersection of 3527-3537 Jerome Avenue and 6-10 Gun Hill Road in the Bronx, features a well-maintained 9,000 SF single-story retail building on a substantial 9,500 SF lot. Built in 1926 and zoned R7-1/C1-3, the property currently houses seven retail stores, providing a diversified income stream and exceptional visibility with approximately 200 feet of wraparound frontage. Beyond its current high-volume retail use, the asset offers significant development potential with approximately 23,655 SF of unused air rights, making it an ideal candidate for future residential or mixed-use expansion. Strategically situated immediately adjacent to the Mosholu Parkway subway station (4 Train), the location ensures a steady flow of foot traffic and ease of access for both commuters and local shoppers.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$756 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,714 SF

ZONING

C1-3/R7-1

APN/PARCEL ID

03324-0135

ASK ABOUT THIS PROPERTY

Eric LiEast Coast New YorkMore Info
917-865-6537

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Eric LiEast Coast New YorkMore Info
917-865-6537

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