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Type:
Retail
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to arrange the sale of 3480 Boston Road, a single-story corner retail building located at the intersection of Boston Road and Corsa Avenue in the Laconia section of the Bronx.
Built in 1950, the building totals approximately 8,450 square feet and is comprised of three retail spaces, currently occupied by Domino’s, USPS, and an event space. The property benefits from 100 feet of frontage along Boston Road, a heavily trafficked corridor with approximately 28,000 vehicles passing daily.
The offering presents multiple paths to value, investors can capture upside through expiring leases and under-market rents, while an end user could occupy the existing 3,000 square foot space.
The property is in proximity to the Baychester Avenue subway station (6 line), providing convenient transit access for the surrounding trade area.
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Block & Lot:
4743-0001
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Neighborhood:
Laconia
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Cross Streets:
Corner of Boston Road & Corsa Avenue
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Building Dimensions:
50 ft x 110 ft
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Lot Dimensions:
100 ft x 119.5 ft
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Units:
3
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Zoning:
R5
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FAR:
1.5
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Tax Class:
4
