528-536 E Fordham Rd - Retail FOR SALE


Bronx, NY 10458
$5,750,000 USD
201-615-8557
528-536 E Fordham Rd, Bronx, NY for Sale
$5,750,000 USD
Retail - FOR SALE
1/18
null | Request Cap Rate

528-536 E Fordham Rd
Bronx, NY 10458


HIGHLIGHTS

  • Steps from Fordham University Campus which allows developers to cater to traditional tenants as well as student population
  • Corner frontage provides ideal light and air to maximize development potential for both retail and residential uses
  • Additional air rights from neighboring property allow for 81,904 buildable square feet with inclusionary bonus

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development Opportunity with up to 81,904 BSF

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

C4-5D

APN/PARCEL ID

03059-0032

ASK ABOUT THIS PROPERTY

Chris VarjanLee & AssociatesMore Info
201-615-8557

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Chris VarjanLee & AssociatesMore Info
201-615-8557

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.