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    63 Fordham Rd The Bronx, NY 10468

    Sponsored
    For Lease
    Contact for pricing

    Bronx Medical Office Space Available

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional single-tenant medical office building, located at 63 West Fordham Road in the Bronx's University Heights submarket, presents a unique investment opportunity. The property boasts a total of 14,000 square feet, with 5,000 square feet currently vacant, offering significant potential for expansion or lease to a new tenant. Situated on a 3.3-acre lot, the one-story building features a 4.8 floor area ratio and is zoned R6/C1-4. Its prime location between Grant and University Avenues ensures high visibility and accessibility, benefiting from strong pedestrian traffic and excellent public transportation links. The building's strategic placement within the bustling University Heights area places it amidst a thriving mix of established national and local retailers, creating a vibrant and attractive environment for both patients and staff. The property's single-tenant occupancy provides stability and ease of management, while the substantial vacant space offers flexibility for various medical practices or related businesses. The property's address is 63 West Fordham Road, The Bronx, New York, 10468, with the APN 03213-0043. This is an ideal opportunity for medical professionals seeking a well-located, spacious, and easily adaptable facility in a high-demand area. The property's size and zoning allow for a variety of uses within the medical field. This is a rare chance to acquire a significant asset in a rapidly growing neighborhood.

    Property Features for 63 Fordham Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,000 SF

    HighLights

    • 14,000 SF single‑tenant medical office building on a 3.3‑acre lot in the Bronx's University Heights submarket.
    • High foot traffic location with strong pedestrian and vehicle traffic.
    • Excellent nearby tenants including Family Dollar, Panda Express, Walgreens, and CityMD.
    • 12' ceiling heights.
    • Steps from the Fordham Road 4 train station.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Mundo 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
    -73.9037294
    Latitude
    40.8629669

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    FAQs

    What type of property is this?
    Restaurant - Bronx Medical Office Space Available
    Where is this restaurant located?
    The property is located at 63 Fordham Rd The Bronx, NY.
    What are key features of this property?
    This property features: 14,000 SF single-tenant medical office building on a 3.3-acre lot in the Bronx's University Heights submarket.; High foot traffic location with strong pedestrian and vehicle traffic.; Excellent nearby tenants including Family Dollar, Panda Express, Walgreens, and CityMD.
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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
    63 Fordham Rd The Bronx, NY 10468
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