Landair Advisors has been exclusively retained to arrange the sale of 3218 Third Avenue, a two-unit ground floor retail property on the Third Avenue commercial corridor in Woodstock, Bronx.
The single-story building totals 2,575 sq. ft. and offers 25 ft. of frontage on Third Avenue. One unit (1,811 sq. ft.), is secured by a long-term lease expiring 2032, providing stable in-place income. The second unit (680 sq. ft.), will be delivered vacant, giving an owner-user the opportunity to occupy or an investor the flexibility to lease it to a tenant of their choosing at market rent.
The property benefits from heavy foot and vehicle traffic and a dense surrounding residential population, with a growing number of new building permits filed in the surrounding area.
The lot is zoned C4-4 (R7-2 equivalent) and offers meaningful future development upside.
3218 Third Avenue combines in-place income, a vacant unit ready for an owner user or new tenant, and long-term development potential on a high-traffic Bronx retail corridor.