Investment Highlights
Steps from Fordham University Campus which allows developers to cater to traditional tenants as well as student population
Additional air rights from neighboring property allow for 81,904 buildable square feet with inclusionary bonus
Corner frontage provides ideal light and air to maximize development potential for both retail and residential uses
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale 528-532 East Fordham Road, Bronx, NY 10458 (?the Property?). Situated on the corner of East Fordham Road and Bathgate Avenue, the Property currently features two ground-level retail spaces and income-producing signage above. In addition to its as-is condition, the site features approximately 56,500 sq.ft of buildable space (34,772 sq.ft. as of right with an additional 21,806 sq.ft. from the neighboring property), which would yield approximately 81,904 buildable sq.ft. with inclusionary bonus. The Property represents the opportunity to revitalize the existing retail structure or create a new residential/mixed-use asset in an unmatched location, just steps away from Fordham University?s main entrance on Fordham Road.
