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    2929 3 Ave The The Bronx, NY 10455

    Sponsored
    For Lease
    $90 SF/Yr

    7,800 SF Available, Bronx, NY

    Lot size:
    27,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 2929 3rd Avenue, near the bustling intersection of 152nd Street in the Bronx, offers a unique opportunity for businesses seeking versatile space. The building, zoned C4-4, encompasses a total of 27,370 square feet and features two suites. Currently, 7,800 square feet of space is immediately available, divisible into units as small as 3,300 square feet, with a maximum contiguous space of 7,800 square feet. Ideal for retail, office, or restaurant uses, including medical practices, this property is perfectly situated to capitalize on high foot traffic and strong local demographics. The building includes elevators for convenient access to all levels. This location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The property is suitable for build-to-suit options for qualified retail credit tenants. This is a rare opportunity to secure a prominent location in a thriving Bronx neighborhood. The address is 2929 3rd Ave, Bronx, NY 10455, in Bronx County. Don't miss this chance to establish your business in this dynamic area.

    Property Features for 2929 3 Ave The

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,370 SF
    Total Rate
    205275

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,000 SF
    Rate per SF
    $90

    HighLights

    • 50+ feet of street frontage.
    • Possession available upon closing.
    • Ample storage space included.
    • Over 200,000 daily pedestrian traffic.
    • Annual passenger count exceeding 6,750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    BXL Business Incubator Business Development Service See & See Department ... Department Store New York Women's ... Chamber Of Commerce UMAC Painting & Decorating ... Painter 3rd Eye Pix Photography Service

    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
    -73.915620814815
    Latitude
    40.817571682424

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    FAQs

    What type of property is this?
    Restaurant - 7,800 SF Available, Bronx, NY
    Where is this restaurant located?
    The property is located at 2929 3 Ave The The Bronx, NY.
    What is the lease rate?
    The lease rate is $90 SF/Yr.
    What are key features of this property?
    This property features: 50+ feet of street frontage.; Possession available upon closing.; Ample storage space included.
    Request Owner's contact information
    2929 3 Ave The The Bronx, NY 10455
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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
    2929 3 Ave The The Bronx, NY 10455
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