4551 3rd Ave
Bronx, NY 10458
Retail Property For Sale

The site’s 6.5 FAR with community facility and its proximity to Saint Barnabas Hospital, the property is an ideal opportunity to develop 35,639 square feet for medical office, life science, research or other healthcare-oriented non-profit use. The zoning also allows for commercial development (FAR: 3.4) to develop office and retail space in a high foot traffic area. Currently 4551 Third Avenue is improved is a 2,680 square foot 1-story building, which contains three retail units (two vacant). Notably, the site’s location in a newly created Qualified Opportunity Zone presents qualifying investors with tax benefits associated with the Opportunity Zone provision in the Tax Cuts and Jobs Act of 2017. 4551 Third Avenue is situated in the heart of the Saint Barnabas Hospital Campus, on a heavily trafficked area of Third Avenue. The property is located just a few blocks from the famous Arthur Avenue, offering immediate access to popular eateries in the heart of The Bronx’s Little Italy. The building’s proximity to Fordham University makes it a natural destination for the area’s many students seeking quality housing options. Easy access to Manhattan is also provided by the Metro North train station located at the intersection of East Fordham Road and Webster Avenue.