3531 Boston Rd The Bronx, NY 10469
- Retail space
- 3,196 SF
- 0.10 lot acres
Current Use by Public Records
- Joseph Inwood Corporation / Liquidator
- Baychester Locksmiths Inc. / Locksmith / Safe & Vault Shop
Property Details for 3531 Boston Rd
- Year built
- 1930
- Lot size
- 0.10 lot acres
- Property size
- 3,196 SF
- Zone code
- C8-1
- Property type
- Retail space
- APN
- 04724-0034
- APU
- 47240034
Description
This newly renovated 3,200 square foot retail strip center is available for lease on Boston Road in the Bronx, New York. Located at 3525-3531 Boston Road, near the intersection with Mickle Avenue, this property boasts a prime location on one of the busiest commercial corridors in the borough, with over 18,000 vehicles passing daily. The building is classified as Class D and offers a total of six parking spaces for customer convenience. The space is currently divided into multiple tenancies, with a barbershop, insurance office, and locksmith currently occupying the units. However, all 3,000 square feet of vacant space can be made available within 30-60 days. The minimum divisible space is 1,000 square feet, with a maximum contiguous space of 3,000 square feet, offering flexibility for various business needs. This location benefits from strong neighboring retailers, including well-known brands such as Clean Rite Center, Arch Autoparts, Burger King, Popeyes, and Walgreens, ensuring a consistent flow of both foot and vehicle traffic. The property's high visibility and convenient location make it an ideal opportunity for businesses seeking a strong presence in a thriving Bronx commercial area. The zip code is 10469.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,835,000
- 7%
- $1,525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,515,000
- Geo Method
- $1,865,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,890,000
- Retail
- $1,685,000
- Mixed-Use
- $1,385,000
- Hospitality
- $1,500,000
- Educational
- $1,530,000
- Residential Income
- $1,420,000
- Energy
- $1,595,000
- Income-Based Land
- $1,835,000
- Food Service
- $1,395,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.8455
- Latitude
- 40.8777
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
