About This Restaurant
Investment Highlights
Executive Summary
This commercial building at 3114 Bailey Ave in the Bronx boasts a grocery store and laundromat. With R-6 and C-4 zone, it offers the flexibility to modernize the existing stores or build a new structure for a mix of commercial and residential use. Key Features: - Prime location near the #1 train for easy access. - Surrounded by residential buildings, ensuring a steady customer base. - Ideal for entrepreneurs looking to revamp or redevelop. Don't miss out on this opportunity to be part of the thriving Bronx community. Contact us to explore the potential of 3114 Bailey Ave today!
Property Details
- Sale Type Investment
- Sale Condition Build to Suit
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Fast Food General Retail Storefront Retail/Residential General Retail Supermarket Storefront
- Building Size 1,800
- Building Class C
- Year Built 1926
- Price 1,300,000
- Price Per SF 722
- Cap Rate 5.08
- NOI 66,000
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.59
- Land Acres 0.07 AC
Nearby Amenities & Transportation
| Retail | Citi | ||
| Retail | Stop & Shop | ||
| Retail | Key Food | ||
| Retail | Chase Bank | ||
| Retail | Panda Restaurant | ||
| Retail | Wingstop | ||
| Retail | IHOP | ||
| Retail | Foodtown | ||
| Retail | Bravo | ||
| Retail | Buffalo Wild Wings |
Property Taxes
| Parcel Number | 03261-0031 | Improvements Assessment | $59,400 (2024) |
| Land Assessment | $51,120 (2024) | Total Assessment | $110,520 (2024) |
| Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
| Address: | 3114 Bailey Ave , Bronx, New York, 10463 | ||