3208 3Rd Ave Bronx, NY 10451
- Retail properties
- 4,760 SF
Current Use by Public Records
- Mr Discount Department Store / Department Store / Discount Store
Property Details for 3208 3Rd Ave
- Year built
- 1931
- Property size
- 4,760 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This fully renovated, three-story mixed-use building at 3208 Third Avenue in the Bronx, New York (zip code 10451), offers a unique investment opportunity. The 21,620 square foot building, constructed in 1931 and completely renovated in 2024, features a blend of office and retail space. The property sits on a 6,550 square foot lot and is zoned C4-4. The building boasts a magnificent new 15-foot-wide staircase connecting the ground and cellar levels, creating an expansive 11,900 square foot open retail space currently leased with a 90-day cancellation option. A new elevator services all three floors, each featuring over 16-foot ceilings. The second and third floors, ideal for creative office space, have undergone a complete gut renovation, including new HVAC systems and bathrooms. The building's prime location on a busy Bronx corridor places it near major transportation, schools, and numerous amenities. Nearby developments include Boricua College, Boricua Village (700+ units), Saint Ann's Apartments (660+ units), and La Central (992 units), as well as a new YMCA. The area also features a high density of retail establishments, including Foot Locker, ALDI, Five Below, and many others. This property presents a compelling value-add investment opportunity in a thriving commercial corridor. The building is currently vacant except for the ground and cellar level retail tenant. The sale is a For Sale By Owner transaction.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.9091
- Latitude
- 40.8231
