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.
DEVELOPMENT OPPORTUNITY:
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.
STRATEGIC LOCATION:
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.
SUPERIOR ACCESSIBILITY:
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.
