Mott Haven

COMMERCIAL

Adres: ‎2598 Third Avenue

Zip Code: 10454

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$3,500,000

ID # 11338906

Filipino

                                                 

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ID #‎ 11338906
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房屋英文概況 English Description

Single-story commercial asset located at 2598 Third Avenue, Bronx, NY. This property falls under R6, C2-4 zoning on a wide street, allowing for a diverse range of commercial and residential development types. Significant renovations completed in 2015 include roof, electricals, HVAC systems and plumbing. These improvements have fortified the property's infrastructure and aesthetic appeal. The property stands to substantially appreciate in value with the right ownership strategy. There are (4) medical office suites that have been fully built out, as well as a basement with ~12 Ft ceilings that can be rented separately. The financial profile of the property is attractive as it will be delivered vacant. The corner location and finished buildout should allow you to attract high tenant interest. Projections are for the (4) units and basement to generate roughly $380,000 in gross income annually. In addition to the valuable structure currently on the property, it is also advantaged by its zoning and corner lot appeal, which would allow the purchaser to immediately file plans for a 21,576 Sq. Ft. Residential building (34,521 Sq. Ft. with Community Facility). Located just .1 Miles from the 138th Street 3rd Avenue 6 Train subway stop, 2598 Third Avenue benefits from high pedestrian traffic and excellent accessibility, enhancing its value as a medical office building and redevelopment project. This property represents an exceptional opportunity for investors seeking a low-maintenance, high-yield asset with potential for future growth and development in a prime urban location.

公司的物业 Office Listings
Courtesy of Landair Property Advisors, LLC

公司: ‍646-559-4700




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$3,500,000

COMMERCIAL
ID # 11338906
‎2598 Third Avenue
Bronx, NY 10454


Listing Agent(s):‎
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Office: ‍646-559-4700

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