3208 Third Avenue
For Sale By Owner Fully Renovated 21,620 SF Building in the Bronx
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THIRD AVENUE IS ONE OF THE BUSIEST CORRIDORS IN THE BRONX
Located in the New York City borough of the Bronx, Melrose is a residential area to the north of Mott Haven and west of Longwood, and is recognized as part of the South Bronx. It is a rectangular neighborhood, with Third Avenue forming the eastern border, 149th Street to the south, Park Avenue to the west, and 161st Street to the north. Melrose Avenue and Third Avenue are the primary thoroughfares running through the area. The Hub-Third Avenue Business Improvement District is a well-known local shopping district situated at the point where five major roads meet, such as East 149th Street, Westchester, Willis, Melrose, and Third Avenues. This retail area is second in size to Fordham Road.
The property is located is a retail corridor, near mass transportation, schools and across the street of the new Boricua College in a high-density area. The property is steps away from the new Boricua Village over 700 rental units, Saint Ann’ s Apartments over 660 rental units, La Central: South Bronx’s newest rental community consisting of 992 rental units, and a 50,000 SF state-of-the-art YMCA
NEIGHBORS include Foot Locker, ALDI, Five Below, Marshalls, GNC, Burlington, Home Goods, Dunkin’, Family Dollar, Food Bazaar, McDonald’s, Chipotle, T-Mobile, Popeyes, Rite Aid, Retro Fitness, BP, Panda, Speedway, CVS, City Agencies, Daycares, Schools, QSR’s and more!
Investment highlights
Magnificent brand new 15 FT wide staircase seamlessly connecting the ground and cellar floors creating a 11,900 sf open retail space
Ground and Cellar level are leased to a retail tenant with a 90 day cancellation option
New elevator installed servicing all 4 floors
Over 16 FT ceilings on all 4 floors
Fully gut renovated Second & Third floors, new HVAC systems, and bathrooms
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