Prime 3rd Avenue Retail Opportunity

Highlights:

• Strong Occupancy: Comprised of 5 total units with 4 currently occupied. This asset provides a stable, in-place cash flow on day one, while offering immediate upside potential to drive additional revenue by leasing the final vacant storefront.
• Superb Retail Corridor Location: Situated on a high-foot-traffic block with an impressive 83 feet of frontage along 3rd Avenue. The property benefits from the massive consumer draw of nearby major national retailers, including Aldi, Burlington, and Marshalls.
• Significant Development Potential: The property boasts a total buildable square footage of 21,848, which includes 10,548 SF of available air rights, presenting a substantial opportunity for future expansion or vertical development.
• Excellent Accessibility: Exceptionally well-connected for commuters and local shoppers. The property is positioned immediately adjacent to the Bx15 and Bx21 bus stops, and is just a short walk to the 2 and 5 subway trains at the 3rd Avenue–149th Street station.

Documents: