2897 3rd Avenue
Retail | 3,900 SqFt
Marketing description
Kassin Sabbagh Realty (Ksr) is Proud to Represent 2897 3rd Ave in the Bronx’s 10455 ZIP Lies in the Heart of Melrose/mott Haven—an Older, Two-story Brick Commercial Building Constructed in 1925. Spanning Approximately 4,000 Square Feet, the Property is a Multi-story Retail Building Featuring Two Ground-level Storefronts. It is Situated in a Densely Populated and Highly Walkable Neighborhood of the Bronx, Benefiting From Vibrant Foot Traffic Along 3rd Avenue. The Locale is Undergoing Revitalization, With a Blend of Small Retail, Phone and Electronics Shops, Bodegas, and Community Services, Well Served by Subway and Bus Lines. Its Combination of Historic Character, Strong Visibility, and Neighborhood Density Makes It Attractive for Retail or Mixed Use Investment.
Investment highlights
- Value-Add Upside: Rent optimization, securing long-term leases, or partial conversion (if zoning permits) could significantly boost returns
- Classified under "Store building" with zoning C4-4 -typically retail or mixed-use permitted-Current Use: Occupied by at least two commercial tenants (e.g. Boost Mobile, O Fresh)
- Located in the Bonx's busy "Hub" at around 3rd Ave, the property offers strong retail exposure with heavy foot traffic and nearby subway and bus access
- Neighborhood Momentum: Melrose and the "Hub" area show revitalization, retail expansion, and rising foot traffic-adding support to long-term value. Presence of recognized chains (Boost Mobile, local eateries) indicates stable daytime demand. Diversifying tenant mix could further increase resilience.
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