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    650 Tremont Ave The Bronx, NY 10457

    Sponsored
    For Lease
    Contact for pricing

    Former Walgreens, Excellent Condition, High Visibility

    Lot size:
    11,250 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    327
    This exceptional retail property, located at 650 E Tremont Avenue in the Bronx, presents a unique investment opportunity. Situated on a highly visible corner lot at the intersection of East Tremont Avenue and Belmont, this single-tenant building boasts a prominent street presence ideal for attracting a diverse customer base. The building previously housed a Walgreens, indicating a strong track record of successful retail operations within this location. The structure is in very good condition, minimizing the need for significant capital improvements upon acquisition. The property's classification as a retail space within the Bronx County, specifically the BRONX submarket, highlights its strategic position within a densely populated and commercially active area. The single-tenancy aspect offers streamlined management and potential for long-term lease agreements. This corner location offers significant advantages, including increased visibility and accessibility for potential customers. The property's size and layout are well-suited for a variety of retail uses, making it an attractive option for both established businesses and new ventures seeking a high-traffic location in a thriving Bronx neighborhood. This is a rare opportunity to acquire a well-maintained, high-visibility retail property in a prime location. The building's history as a successful Walgreens further underscores its potential for continued success. Serious inquiries are encouraged.

    Property Features for 650 Tremont Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,250 SF

    Unit(s) available at that property

    Space
    Size
    11,250 SF

    HighLights

    • Corner location at East Tremont Avenue and Belmont.
    • Single‑tenant retail building.
    • Excellent condition.
    • Former Walgreens location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service higi Health Consultant Paul Omole Pharmacy

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8924444
    Latitude
    40.8457949

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    FAQs

    What type of property is this?
    Retail property - Former Walgreens, Excellent Condition, High Visibility
    Where is this retail property located?
    The property is located at 650 Tremont Ave The Bronx, NY.
    What are key features of this property?
    This property features: Corner location at East Tremont Avenue and Belmont.; Single-tenant retail building.; Excellent condition.
    Request Owner's contact information
    650 Tremont Ave The Bronx, NY 10457
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    The Bronx, NY 10457
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    650 Tremont Ave The Bronx, NY 10457
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