Gap 271 E Fordham Rd 18,000 SF Retail Building Bronx, NY 10458 For Sale

Newmark has been exclusively retained to arrange for the sale of 271 East Fordham Road is a two-story, corner retail building totaling approximately 18,000 SF on a 7,272 SF lot at the signalized intersection of East Fordham Road and Valentine Avenue in the Bronx, one of New York City's highest-grossing urban retail corridors. The Property offers best-in-corridor visibility, with approximately 111 feet of continuous retail frontage and elevator-served, two-story retail space occupied by Gap Factory.
The Property was built in 1999 as a purpose-built, two-story retail format for Gap Factory, which has continuously operated at the location for roughly 25 years. The premises are fully leased to Gap Factory, a division of The Gap, Inc. (NYSE: GPS), under a net lease structure with lease term running through 2030, providing investors with durable, credit-backed cash flow and a remaining WALT of approximately 3.6 years.
Zoned C4-4/R7-2, the site permits up to approximately 29,088 SF of mixed-use zoning floor area, creating approximately 14,088 SF of available air rights upon lease expiration. These air rights present optionality for a future mixed-use repositioning at lease termination, while current ownership benefits from stable income today anchored by a long-standing, national credit tenant in the heart of the Fordham Road Business Improvement District.
The Property sits within the Fordham Road Business Improvement District, one of New York City's highest-grossing and most densely trafficked urban retail submarkets. The immediate trade area is anchored by Fordham University, Lehman College, and Bronx Community College, collectively serving over 30,000 students and faculty, and is further reinforced by destination drivers such as the Bronx Zoo and the New York Botanical Garden. Surrounding national co-tenants along the corridor include Target, Marshalls, Burlington, Foot Locker, Old Navy, Five Below, Chick-fil-A, Planet Fitness, and Applebee's, underscoring Fordham Road's role as the Bronx's premier shopping street.
The B, D and 4 subway lines all stop within a few blocks, providing fast connectivity to Midtown and Lower Manhattan, and the site sits minutes from the Major Deegan Expressway (I-87) and the Cross Bronx Expressway (I-95).
All inquiries should be directed to Newmark.