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    189 231St St The Bronx, NY 10463

    For Lease
    Contact for pricing

    Prime Bronx Retail Opportunity: 1,600 sq ft.

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 189-193 West 231st Street in the Bronx, New York (zip code 10463), presents a unique investment opportunity. The single-tenant building boasts a generous 1,600 square feet of vacant space, ready for immediate occupancy. Situated on a substantial 79-acre lot, this property offers significant potential for expansion or future development. The building's zoning is designated R6, C1-3, providing flexibility for a variety of commercial uses. The property's convenient location, off Broadway Avenue and at the foot of the train, ensures high visibility and accessibility for customers. The property features one building and is identified by APN 3267-79 in Bronx County. With its ample space and strategic location, this property is ideal for a wide range of retail businesses seeking a prominent presence in a thriving community. The entire 1,600 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a substantial retail property in a desirable Bronx location. Serious inquiries are encouraged.

    Property Features for 189 231St St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Available space
    Size
    1,600 SF

    HighLights

    • 23 ft x 70 ft building dimensions.
    • 1,600 sq ft vacant storefront.
    • 15 ft frontage.
    • Fully equipped HVAC system.
    • High foot traffic location.
    • Immediate occupancy available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dale Diner Diner 231st BINGO !!!! Bingo Hall The Johnson American Restaurant Liberty Tax Tax Preparation

    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
    -73.9040506
    Latitude
    40.8789941

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    FAQs

    What type of property is this?
    Retail property - Prime Bronx Retail Opportunity: 1,600 sq ft.
    Where is this retail property located?
    The property is located at 189 231St St The Bronx, NY.
    What are key features of this property?
    This property features: 23 ft x 70 ft building dimensions.; 1,600 sq ft vacant storefront.; 15 ft frontage.
    Request Owner's contact information
    189 231St St The Bronx, NY 10463
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    The Bronx, NY 10463
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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
    189 231St St The Bronx, NY 10463
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