3369 E Tremont Ave
Retail | 3,440 SqFt
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of a three-property located in the Pelham Bay section of the Bronx. 3369 East Tremont Avenue is a mixed-use property located on the north-east corner of East Tremont Ave. The property is a two-story building consisting of one commercial unit and two residential apartments above. 2909-2911Haskin St, an Auto Center and vacant lot zoned C2-2/R4A will be delivered vacant.
The Property benefits from high daily foot traffic and excellent visibility along one of the Bronx's main commercial corridors. The property is currently occupied by local retail operators on short-term leases, providing stable in-place cash flow while allowing near term vacancy for redevelopment or re-leasing. This assemblage allows for multiple value add strategies including repositioning, redevelopment, and owner-user/investor hybrid.
Investment highlights
- Corner Mixed-Use Location with Strong Street Presence
- Benefits from High Foot Traffic and excellent visibility along one of the Bronx's main commercial corridors
- Value-Add Upside & rent Growth Potential
- 10,970 Combined Lot SF | Zoned C2-2 / R4A
- East Tremont Avenue is a Primary Commercial Artery in the Neighborhood with continuous retail & service tenants lining the block
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