Rare opportunity to purchase a fully occupied Shopping Center in the heart of the St. George community. Anchored by Primetime Fitness, LLC operators of 36 Crunch Fitness facilities throughout the country. Crunch recently expanded this facility by an additional 8,500 sq ft and now operate out of nearly 29,000 sq ft across 2 floors. Four additional tenants, including the US Armed Forces and Domino's complete the center.
364 Bay Street offers investors the opportunity to acquire a well-positioned retail asset in a market with strong demographic fundamentals, limited retail supply, and significant long-term growth prospects. The property's combination of stable tenancy, strategic location, and redevelopment momentum makes it an attractive acquisition for private investors, family offices, and institutional buyers seeking exposure to the New York City outer-borough retail market.
Thousands of residential units are in various development stages along the north shore of Staten Island as well as 300,000 square feet of new office space less than 1/2 mile from the subject property. Savvy investors can take advantage of the City of Yes, potentially allowing the expansion of the center to include 150+ residential units. Please consult an architect and reach out for additional information.