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3480-3490 Boston Rd 7,500 SF 100% Leased Retail Building Bronx, NY 10469 $6,250,000 ($833.33/SF) 4.81% Cap Rate
Investment Highlights
- Single-story corner retail building located at the intersection of Boston Road and Corsa Avenue in the Laconia section of the Bronx for sale
- The property benefits from 100 feet of frontage along Boston Road, a heavily trafficked corridor with approximately 28,000 vehicles passing daily
- investors can capture upside through expiring leases and under-market rents while an end user could occupy the existing 3,000 sf space
- Built in 1950, the building totals approx. 8,450 SF and is comprised of three retail spaces, currently occupied by Domino’s, USPS, and an event space
- The property is in proximity to the Baychester Avenue subway station (6 line), providing convenient transit access for the surrounding trade area
Executive Summary
Built in 1950, the building totals approximately 8,450 square feet and is comprised of three retail spaces, currently occupied by Domino’s, USPS, and an event space. The property benefits from 100 feet of frontage along Boston Road, a heavily trafficked corridor with approximately 28,000 vehicles passing daily.
The offering presents multiple paths to value, investors can capture upside through expiring leases and under-market rents, while an end user could occupy the existing 3,000 square foot space.
The property is in proximity to the Baychester Avenue subway station (6 line), providing convenient transit access for the surrounding trade area.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
- -
Domino’s began in 1960 as a single pizza store in Ypsilanti, Michigan, and grew from that origin into a major global pizza brand. The company focuses on making, baking, and delivering pizza through a franchise-driven model that supports household customers in the U.S. and international markets. Domino’s business also includes menu development and store design, with a history of expanding its pizza offerings and related food items over time.
- M.A. Events, LLC
- Arts, Entertainment, and Recreation
- -
- $32.00
- Full Service
- Aug 2026
-
- Transportation and Warehousing
- -
- $36.29
- -
- Feb 2021
The United States Postal Service has a storied history as the institution of their Government guaranteeing safe and secure communication among and between the Government and the American people. Many are familiar with their history, which began with the Second Continental Congress and Benjamin Franklin in 1775 and continued in 1787 when the Postal Clause of the U.S. Constitution empowered Congress to establish post offices and post roads. Congress exercised those powers with the passage of The Post Office Act of 1792, which made the Postal Service a permanent fixture of the Federal Government. The Act included provisions to facilitate freedom of the press, the privacy of personal correspondence, and expand the nation’s physical infrastructure, all vital to their nation’s growth and prosperity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | - | - | |
| M.A. Events, LLC | Arts, Entertainment, and Recreation | - | $32.00 | Full Service | Aug 2026 | |
|
|
Transportation and Warehousing | - | $36.29 | - | Feb 2021 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ground Lease available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 7,500 SF | Retail | Outparcel | 30 Days |
1st Floor
| Size |
| 7,500 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| 30 Days |
1st Floor
| Size | 7,500 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | 30 Days |
Ground Lease available
Nearby Major Retailers
Property Taxes
| Parcel Number | 04743-0001 | Improvements Assessment | $208,980 |
| Land Assessment | $290,700 | Total Assessment | $499,680 |
Property Taxes
Presented by
3480-3490 Boston Rd
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