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    3208 3Rd Ave Bronx, NY 10451

    Sponsored
    For Sale
    Contact for pricing

    Fully renovated, high-traffic location, value-add potential.

    Property size:
    4,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully renovated, three-story mixed-use building at 3208 Third Avenue in the Bronx, New York (zip code 10451), offers a unique investment opportunity. The 21,620 square foot building, constructed in 1931 and completely renovated in 2024, features a blend of office and retail space. The property sits on a 6,550 square foot lot and is zoned C4-4. The building boasts a magnificent new 15-foot-wide staircase connecting the ground and cellar levels, creating an expansive 11,900 square foot open retail space currently leased with a 90-day cancellation option. A new elevator services all three floors, each featuring over 16-foot ceilings. The second and third floors, ideal for creative office space, have undergone a complete gut renovation, including new HVAC systems and bathrooms. The building's prime location on a busy Bronx corridor places it near major transportation, schools, and numerous amenities. Nearby developments include Boricua College, Boricua Village (700+ units), Saint Ann's Apartments (660+ units), and La Central (992 units), as well as a new YMCA. The area also features a high density of retail establishments, including Foot Locker, ALDI, Five Below, and many others. This property presents a compelling value-add investment opportunity in a thriving commercial corridor. The building is currently vacant except for the ground and cellar level retail tenant. The sale is a For Sale By Owner transaction.

    Property Features for 3208 3Rd Ave

    General Information

    Property type
    Office space
    Square Feet
    4,760 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1931/2024
    Buildings
    1
    Stories
    3

    HighLights

    • Magnificent 15‑foot‑wide staircase connecting ground and cellar levels, creating an 11,900 sq ft open retail space.
    • Ground and cellar level leased to retail tenant with 90‑day cancellation option.
    • New elevator servicing all three floors.
    • Over 16‑foot ceilings on all three floors.
    • Fully renovated second and third floors with new HVAC and bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mr Discount Department ... Department Store

    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
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9090955
    Latitude
    40.8230562

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    FAQs

    What type of property is this?
    Office space - Fully renovated, high-traffic location, value-add potential.
    Where is this office space located?
    The property is located at 3208 3Rd Ave Bronx, NY.
    What are key features of this property?
    This property features: Magnificent 15-foot-wide staircase connecting ground and cellar levels, creating an 11,900 sq ft open retail space.; Ground and cellar level leased to retail tenant with 90-day cancellation option.; New elevator servicing all three floors.
    Request Owner's contact information
    3208 3Rd Ave Bronx, NY 10451
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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
    3208 3Rd Ave Bronx, NY 10451
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