666 Castle Hl Ave Bronx, NY 10473-1430
- Investment properties
- 4,600 SF
- 0.23 lot acres
Current Use by Public Records
- Saran African Hair Braiding / Hair Salon
- Metro by T-Mobile / Cell Phone Store
Property Details for 666 Castle Hl Ave
- Year built
- 1960
- Lot size
- 0.23 lot acres
- Property size
- 4,600 SF
- Zone code
- R5
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 03575-0028
- APU
- 35750028
Description
This exceptional retail space, located at 666 Castle Hill Avenue in Bronx County, offers 936 square feet of prime commercial real estate for lease. The property is a single-tenant space, ideal for a variety of businesses. A partially built-out kitchen is already in place, representing a significant cost saving for prospective tenants. This convenient location benefits from strong foot traffic and excellent visibility. The property is situated amongst a vibrant mix of established businesses, ensuring a thriving commercial environment. Co-tenants include Liberty Tax and Castle Hill Pharmacy, providing complementary businesses to attract customers. Nearby, you'll find popular retailers such as Key Food and Shore Haven Diner, further enhancing the area's appeal and drawing a diverse customer base. The monthly rental rate is $5,000. This presents a unique opportunity for a business seeking a well-located, functional space in a bustling Bronx neighborhood. The property's existing kitchen infrastructure offers immediate operational advantages, minimizing upfront investment and allowing for a quicker start to business operations. The surrounding businesses create a synergistic environment, fostering a strong sense of community and attracting a consistent flow of potential customers. This is an excellent opportunity to establish or expand your business in a high-traffic area with established neighboring businesses. Inquire today to learn more about this exceptional retail space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $355,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $375,000
- Mixed-Use
- $465,000
- Hospitality
- $370,000
- Educational
- $370,000
- Residential Income
- $470,000
- Energy
- $430,000
- Income-Based Land
- $485,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.848
- Latitude
- 40.8207
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
