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    279 161St St The Bronx, NY 10451

    For Lease
    Contact for pricing

    Prime Retail Space, 1300 sq ft, Morris Ave

    Lot size:
    1,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,300 square foot retail space is ideally situated at 279 East 161st Street, boasting a prime location in a thriving commercial district. The property is a single-story building with multiple tenancies, offering a versatile space suitable for a variety of retail businesses. Its strategic location places it amidst a vibrant mix of national retailers, ensuring high foot traffic and excellent visibility. The proximity to municipal buildings, a hospital, and numerous office buildings further enhances its appeal, creating a strong customer base and convenient access for employees. The property's single-story design offers easy accessibility and efficient use of space. This is a rare opportunity to secure a well-positioned retail space in a high-demand area. The address is 279 East 161st Street, conveniently located near Morris Avenue. The space is currently available for lease and presents a significant opportunity for businesses seeking a prominent location with high visibility and strong potential for growth. The building itself is a single building, one story high, and features multiple tenancies. This makes it an ideal location for a business looking for a space with a strong sense of community and a diverse customer base. The surrounding area is characterized by a mix of commercial and institutional uses, creating a stable and attractive environment for businesses.

    Property Features for 279 161St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,300 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Store # 279
    Size
    1,300 SF

    HighLights

    • Retail and office property at 279 East 161st Street, near Morris Avenue.
    • Single‑story building with 1,300 square feet of available retail space.
    • Multiple tenants.
    • Prime retail location near national retailers, municipal buildings, a hospital, and office buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    ecoATM Electronics Vending Machine David's Check Cashing Bank Western Union Money Transfer Service Emmalynn Communications INC Cell Phone Store Vigo Money Transfer 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
    -73.917949104881
    Latitude
    40.825448338285

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail Space, 1300 sq ft, Morris Ave
    Where is this office property / space located?
    The property is located at 279 161St St The Bronx, NY.
    What are key features of this property?
    This property features: Retail and office property at 279 East 161st Street, near Morris Avenue.; Single-story building with 1,300 square feet of available retail space.; Multiple tenants.
    Request Owner's contact information
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    The 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
    279 161St St The Bronx, NY 10451
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