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    2922 3Rd Ave The Bronx, NY 10455

    Sponsored
    For Sale
    $11,950,000

    Prime Bronx location, 44,610 SF, high traffic

    Property size:
    44,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 44,610-square-foot retail and office building located at 2922 Third Avenue in the Bronx, New York, 10455. Situated on a 7,450-square-foot lot at the corner of Third Avenue and 152nd Street, this property boasts a prime location in the vibrant South Bronx, benefiting from an average daily traffic count exceeding 12,000 vehicles. The building currently features retail spaces across the lower level, ground floor, and second floor. Its strategic position along the bustling Third Avenue corridor places it amongst several national retailers including Foot Locker, ALDI, FIVE Below, Marshalls, GNC, Burlington, and Home Goods, as well as numerous popular quick-service restaurants. Adding to its convenience, the property enjoys proximity to the 3 Avenue-149 Street subway station (2 and 5 lines). The building is currently vacant and offered at an asking price of $11,950,000. Within a one-mile radius, the area boasts a substantial population of 175,599, 65,192 households, and a daytime population of 105,304, underscoring the significant market potential. The property is zoned C4-4, R7-2. This presents a rare chance to acquire a substantial, well-located commercial property in a thriving area.

    Property Features for 2922 3Rd Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    44,610 SF

    Building Details

    Units
    1

    HighLights

    • Delivered Vacant
    • High population density: 175,599 residents within one mile.
    • Strong household base: 65,192 households within one mile.
    • Robust daytime population: 105,304 within one mile.
    • $11,950,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    YOUNGLAND STORES Children'S Clothing Store Kid City Department ... Women'S Clothing 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
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.9150854
    Latitude
    40.817132

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Bronx location, 44,610 SF, high traffic
    Where is this office property / space located?
    The property is located at 2922 3Rd Ave The Bronx, NY.
    What is the asking price?
    The asking price for this property is $11,950,000.
    What are key features of this property?
    This property features: Delivered Vacant; High population density: 175,599 residents within one mile.; Strong household base: 65,192 households within one mile.
    Request Owner's contact information
    2922 3Rd Ave 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
    2922 3Rd Ave The Bronx, NY 10455
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