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    OFF-MARKET
    Retail properties & Spaces

    1961 Adam Clayton Powell Jr Blvd, New York, NY 10026

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    AI-generated overview

    This exceptional medical office space, located at 1961-1963 Adam Clayton Powell Jr. Blvd, at the corner of Adam Clayton Powell Jr. Blvd & W 118th St in the vibrant Central Harlem submarket of New York, NY 10026, offers a unique opportunity for medical professionals. The ground floor boasts 2,350 square feet of divisible space, perfect for a variety of medical practices. A non-contiguous basement area adds an additional 1,124 square feet of usable space. The property features a partial mezzanine, 11-foot high ceilings, and up to approximately 100 feet of wraparound frontage, maximizing visibility and attracting potential clients. The space is fully built out and in move-in condition, featuring a huge wraparound glass storefront, HVAC, two bathrooms, and multiple entrances. The property was renovated in 2017 and is in state-of-the-art condition. Vented restaurant uses are accepted, and the possibility of wraparound outdoor seating adds to its appeal. This single-tenancy property presents a rare combination of size, location, and modern amenities, making it an ideal space for a thriving medical practice.

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    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
    Allowed · conditional · prohibited
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