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1385-1393 Webster Ave 7,370 SF 53% Leased Retail Building Bronx, NY 10456 $10,500,000 ($1,424.69/SF) 4.84% Cap Rate
INVESTMENT HIGHLIGHTS
- 6 Commercial Spaces totaling 8,375 SF with 125 of frontage on Webster Ave.
- Each storefront is separately metered for utilities and tenant contribute to RE taxes and insurance, lowering expenses for new ownership
- Renovated storefronts and new roof
- 56,363 Buildable SF with COY
EXECUTIVE SUMMARY
The property offers 6 commercial spaces totaling 8,375 square feet with 125 feet of frontage on Webster Avenue that went through a complete renovation including new roof and storefronts. This stretch of Webster Avenue contains strong retail and high foot traffic. Located across the street is 6,500 apartments and multiple schools. Each storefront is separately metered for utilities and tenants contribute to real estate taxes and insurance, lowering expenses for new ownership. In addition, the property benefits from R7-1, C2-4 zoning which allows for up to 56,363 square feet of development rights.
The property is located within walking distance to the B, D, & 4 subway lines as well as multiple bus routes and the Metro North Melrose station.
PROPERTY FACTS
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Fully Equipped Restaurant , 1400 square feet and adjacent space of 1400 sq ft , can be combined or separate , Each 20 foot frontage , down the block from Blink Fitness , across the street from Butler Houses Residential Complex . Next to bus stop.
One story commercial building with 1700 square feet adjacent to mini market, Fresh Meat store & Restaurant located on Webster Ave & 170 Street across the street from The Butler Housing Complex with thousands of Apartments. Bus stop down the block.
| Space | Size | Space Use | Position | Available |
| 1385 | 2,000 SF | Restaurant | In-Line | Now |
| 1393 | 1,500 SF | Retail | In-Line | Now |
1385
| Size |
| 2,000 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1393
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1385
| Size | 2,000 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Fully Equipped Restaurant , 1400 square feet and adjacent space of 1400 sq ft , can be combined or separate , Each 20 foot frontage , down the block from Blink Fitness , across the street from Butler Houses Residential Complex . Next to bus stop.
1393
| Size | 1,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
One story commercial building with 1700 square feet adjacent to mini market, Fresh Meat store & Restaurant located on Webster Ave & 170 Street across the street from The Butler Housing Complex with thousands of Apartments. Bus stop down the block.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02887-0151 | Improvements Assessment | $114,750 |
| Land Assessment | $341,100 | Total Assessment | $455,850 |
PROPERTY TAXES
CONTACTS
-
Brian Davila -
Derek Bestreich -
Steve Reynolds -
John Loch -
Investment Property Realty Group
Presented by
1385-1393 Webster Ave
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