1452 Westchester AveThe Bronx, NY 10472

Property Details for 1452 Westchester Ave

Year built

2014

Lot size

0.11 AC

Property size (Sq ft)

3,375 SF

Zone code

R6

Property type

Retail properties

Property subtype

Retail space

APN

03736-0044

APU

37360044

Description

This exceptional retail opportunity is located in a sought-after strip center on Westchester Avenue in The Bronx, NY (zip code 10472). The property, a Class B, single-story building, offers a total of 7,500 square feet, with 825 square feet currently available for lease. This space is part of a multi-tenant building, providing a vibrant and established retail environment. The location boasts excellent visibility and accessibility, situated on one of the busiest avenues in the Bronx, with over 20,000 vehicles passing daily. Its strategic position provides easy access to major thoroughfares including Bruckner Boulevard, Cross Bronx Expressway, Bronx River Parkway, and Sheridan Boulevard, ensuring a high volume of traffic from multiple neighborhoods. The property benefits from ample dedicated customer parking, a significant advantage in this high-traffic area. This vibrant retail center is surrounded by a mix of local and national retailers, including well-known brands such as Clean Rite Center, Dunkin', White Castle, McDonald's, Mirador, and Bank of America, creating a strong synergy and attracting a diverse customer base. This is a rare opportunity to establish a business in a thriving retail environment with exceptional visibility and convenient access. The available space is ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $820,243

  6.5%

  $757,147

  7%

  $703,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,263

  Geo Method

  $1,111,263

• Alternative Use

  Use

  Valuation

  Residential

  $638,682

  Hospitality

  $585,029

  Educational

  $486,738

  Medical

  $503,477

  Retail

  $757,147

Location Insight

City

Bronx

County

Bronx

State

New York

Latitude

40.8281

Longitude

-73.8821

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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