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    589 138Th St The Bronx, NY 10454

    Sponsored
    For Lease
    Contact for pricing

    7,500 SF Retail, Multiple Units

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property at 589 E 138th Street in Bronx County offers a fantastic opportunity for businesses seeking high-visibility space. The building totals 7,500 square feet and is currently fully vacant, presenting a unique chance to customize the space to perfectly suit your needs. The property features two suites, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 5,000 square feet, providing flexibility for various business models. The building is a two-story structure, boasting impressive 18-foot ceiling heights on the ground floor, creating a spacious and inviting atmosphere. This prime location in the Bronx offers excellent visibility and accessibility, making it an ideal spot to establish or expand your retail operation. The entire 7,500 square feet is available for lease, allowing for a single tenant to occupy the entire building or for two separate tenants to occupy the divisible units. This is a rare opportunity to secure a substantial retail space in a desirable Bronx location. The property's size and layout offer significant potential for a variety of retail uses. Don't miss this chance to secure your ideal retail space in a thriving area.

    Property Features for 589 138Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Space A
    Size
    2,500 SF
    Space
    Space B
    Size
    5,000 SF

    HighLights

    • Retail property totaling 7,500 square feet.
    • Fully vacant, offering two suites available for lease.
    • Suites range from 2,500 to 5,000 contiguous square feet.
    • Located in Bronx County.
    • Ground floor features 18‑foot ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -73.9163714
    Latitude
    40.8066763

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    FAQs

    What type of property is this?
    Retail property - 7,500 SF Retail, Multiple Units
    Where is this retail property located?
    The property is located at 589 138Th St The Bronx, NY.
    What are key features of this property?
    This property features: Retail property totaling 7,500 square feet.; Fully vacant, offering two suites available for lease.; Suites range from 2,500 to 5,000 contiguous square feet.
    Request Owner's contact information
    589 138Th St The Bronx, NY 10454
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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
    589 138Th St The Bronx, NY 10454
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