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558 Grand Concourse

172,894 SF 1% Leased Retail Building Bronx, NY 10451 $49,500,000 ($286/SF)

Investment Highlights

  • Full-block landmarked property (exterior and partial interior landmark)
  • 172,894 GSF across 4 stories and a rooftop penthouse
  • Drive-in parking with 39 spaces; with the ability to increase the parking facility footprint on the Ground Floor to accommodate 176 parking spaces
  • Encompasses ~ 1.25 acres of land
  • Expansive floor plates ranging from just under 30,000 GSF to over 50,000 GSF, 44+ foot column spacing, 19-foot ceilings on the first and second floors
  • Large outdoor terrace space on the first, third and penthouse floors

Executive Summary

Avison Young, as exclusive agent, is pleased to present an opportunity to acquire 558 Grand Concourse (the “Property”), also known as the Bronx Post Office, a pre-war landmarked commercial property encompassing an entire city block located between East 149th and 150th Street in the South Bronx. This redevelopment of the historic United States Postal Service building provides investors an unparalleled opportunity to acquire a one-of-a-kind Class-A commercial property with expansive floor plates and striking ceiling heights situated in the densely populated and fast developing submarket of the South Bronx.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
172,894 SF
Building Class
B
Year Built/Renovated
1935/2019
Price
$49,500,000
Price Per SF
$286
Percent Leased
1%
Tenancy
Multiple
Building Height
5 Stories
Loading Docks
1 Exterior
Building FAR
3.15
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
C4-4 - Mapped in regional commercial centers in more densely built areas
Parking
54 Spaces (0.31 Spaces per 1,000 SF Leased)
Frontage
229 FT on East 149th Street

Amenities

  • Air Conditioning
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
IHOP
CrossFit
Applebee's
BJ's Wholesale Club
LIDL US, LLC
Western Beef
Chase Bank
Hook & Reel
Santander Bank Atm

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02443-0400
Land Assessment
$726,300
Improvements Assessment
$11,778,210
Total Assessment
$12,504,510
  • Listing ID: 31664604

  • Date on Market: 5/1/2024

  • Last Updated:

  • Address: 558 Grand Concourse, Bronx, NY 10451

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