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3320 Fort Independence St 1,125 SF Retail Building Bronx, NY 10463 $1,108,640 CAD ($985.46 CAD/SF) 4.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Freestanding 1,400-square-foot retail building located on a high-visibility corner in Kingsbridge.
- Excellent transit access with a Transit Score of 100, steps from the 238th Street 1-train station.
- Currently leased to a laundromat. The building is rented until 2030 with 2% yearly rent increase.
- Surrounded by dense retail corridors and residential neighborhoods, ensuring strong local demand.
EXECUTIVE SUMMARY
Investment Property Realty Group (IPRG) has been exclusively retained to sell 3320 Fort Independence Street. The subject property is a single-story retail building that is in the Kingsbridge Heights section of the Bronx.
The commercial building is currently made up of 1 retail space on the ground floor. The retail space is built out as a laundromat. The building is rented until 2030 with 2% yearly rent increase.
Built in 1920, the building is a total of 1,400 square feet. The property sits on 27 ft frontage on Fort Independence Street.
The building is in close distance to West 231st Street Subway Station (1).
The commercial building is currently made up of 1 retail space on the ground floor. The retail space is built out as a laundromat. The building is rented until 2030 with 2% yearly rent increase.
Built in 1920, the building is a total of 1,400 square feet. The property sits on 27 ft frontage on Fort Independence Street.
The building is in close distance to West 231st Street Subway Station (1).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,125 SF
Building Class
C
Year Built
1920
Price
$1,108,640 CAD
Price Per SF
$985.46 CAD
Cap Rate
4.83%
NOI
$53,513 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.03 AC
Zoning
R6, R4A
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03258-0041 | Improvements Assessment | $113,759 CAD |
| Land Assessment | $49,568 CAD | Total Assessment | $163,327 CAD |
PROPERTY TAXES
Parcel Number
03258-0041
Land Assessment
$49,568 CAD
Improvements Assessment
$113,759 CAD
Total Assessment
$163,327 CAD
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3320 Fort Independence St
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