3527-3537 Jerome Ave 9,000 SF 100% Leased Retail Building Bronx, NY 10467 $9,349,728 CAD ($1,038.86 CAD/SF) 6.68% Cap Rate

This prime corner investment property, located at the high-traffic intersection of 3527-3537 Jerome Avenue and 6-10 Gun Hill Road in the Bronx, features a well-maintained 9,000 SF single-story retail building on a substantial 9,500 SF lot. Built in 1926 and zoned R7-1/C1-3, the property currently houses seven retail stores, providing a diversified income stream and exceptional visibility with approximately 200 feet of wraparound frontage. Beyond its current high-volume retail use, the asset offers significant development potential with approximately 23,655 SF of unused air rights, making it an ideal candidate for future residential or mixed-use expansion.
Strategically situated immediately adjacent to the Mosholu Parkway subway station (4 Train), the location ensures a steady flow of foot traffic and ease of access for both commuters and local shoppers.