1720 Eastchester Road is currently an existing 63,000 square foot one-story building grocery store on a 139,285 square foot lot. Stop&Shop occupies the Property through July 2023 at a rent of $33.50 NNN per square foot. In addition, the Property offers 250 parking spaces on the roof and at grade level.
The Property is zoned M1-1 with a commercial FAR of 1.0 and a community facility FAR of 2.4. An Investor has the ability to capitalize on a total 334,284 buildable SF in the heart of the Bronx Medical District.
FLEXIBILTY FOR ALTERNATIVE USES:
Permitted uses include industrial, offices, medical offices, retail stores and other commercial and community facility uses. The maximum permitted floor area of 334,284 square feet could be contained within a community facility or mixed community facility and commercial building.
Extremely rare opportunity to acquire an underutilized, centrally located site in the Bronx situated at the confluence of Eastchester Road and Waters Place/Herb Rosenblatt Place, offering visibility on two heavily trafficked streets surrounded by Montefiore, Einstein, Jacobi and other medical institutions.
NYC 6 Subway Line, LaGuardia Airport, JFK and Westchester County airport can also be easily reached via a 17, 25, or 34 minute car ride, respectively.