3861-3869 White Plains Rd - Storefront FOR SALE


Bronx, NY 10467- Olinville
$3,149,000 USD
646-794-1488
3861-3869 White Plains Rd, Bronx, NY for Sale
$3,149,000 USD
Storefront - FOR SALE
1/4
null | 7.3% Cap Rate

3861-3869 White Plains Rd
Bronx, NY 10467
Olinville


HIGHLIGHTS

  • six street-level retail units
  • 7.3% In-Place Cap Rate
  • Value-add leasing opportunity
  • National credit tenant with a recent long-term lease extension
  • Excellent long-term investment and redevelopment potential
  • Approximately 7,734 SF of additional development rights

OVERVIEW

Investment Highlights Friedman-Roth Realty Services is pleased to exclusively offer 3861-3869 White Plains Road, a prime corner retail investment located in the Olinville section of the Bronx. This one-story taxpayer consists of six street-level retail spaces situated on the highly trafficked southwest corner of White Plains Road and East 222nd Street. The property offers investors an attractive combination of immediate cash flow, value-add leasing opportunities, and long-term redevelopment potential. Offered at a 7.3% capitalization rate, the asset features a strong mix of established neighborhood retail tenants, including a nationally recognized franchise with a recently executed long-term lease extension. Several below-market and vacant spaces provide investors with the opportunity to increase income through lease-up and market rent growth. The property is zoned R6 / C2-4 and includes approximately 7,734 square feet of additional development rights, creating significant future upside for investors and developers alike. Complete financial information, rent roll, leases, and offering memorandum are available upon execution of a confidentiality agreement.

FOR SALE DETAILS

PRICE

$3,149,000 USD

PRICE/SF

$630 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,388 SF

ZONING

R6

APN/PARCEL ID

04656-0039

ASK ABOUT THIS PROPERTY

Richard GuarinoFriedman-Roth RealtyMore Info
646-794-1488

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Richard GuarinoFriedman-Roth RealtyMore Info
646-794-1488

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