Retail For Sale | 2897 3rd Avenue, Bronx, NY

Highlights:

• Value-Add Upside: Rent optimization, securing long-term leases, or partial conversion (if zoning permits) could significantly boost returns
• Classified under “Storebuilding” with NYC K2 zoning—typically retail or mixed-use permitted -Current Use: Occupied by at least two commercial tenants (e.g. Boost Mobile, O Fresh)
• Located in Melrose’s busy “Hub” at 149th St and 3rd Ave, the property offers strong retail exposure with heavy foot traffic and nearby subway and bus access
• Neighborhood Momentum: Melrose and the “Hub” area show revitalization, retail expansion, and rising foot traffic—adding support to long-term value. Presence of recognized chains (Boost Mobile, local eateries) indicates stable daytime demand. Diversifying tenant mix could further increase resilience.

Description:

Kassin Sabbagh Realty (KSR) is proud to represent 2897 3rd Ave in the Bronx’s 10455 ZIP lies in the heart of Melrose/Mott Haven—an older, two-story brick commercial building constructed in 1925. Spanning roughly around 4,000 sq ft lot, it’s classified as a multi-story retail structure (K2 class), housing two storefronts at street level The parcel sits in a densely populated, walkable neighborhood (Walk Score 96, Transit Score 100), part of Bronx Community District 1, with vibrant foot traffic along 3rd Avenue.

The locale is undergoing revitalization, with a blend of small retail, phone and electronics shops, bodegas, and community services, well served by subway and bus lines on the IRT Pelham Line and other routes. Its combination of historic character, strong visibility, and neighborhood density makes it attractive for retail or mixed‐use investment.

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