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Commercial Sale in Bronx, New York, Bronx, NY 10459 | Web ID: 959124 | $2,880,000

 
Commercial Sale in New York - Southern  Bronx, NY 10459Commercial Sale Southern  Bronx, NY 10459, MLS-959124-2Commercial Sale Southern  Bronx, NY 10459, MLS-959124-3Commercial Sale Southern  Bronx, NY 10459, MLS-959124-4Commercial Sale Southern  Bronx, NY 10459, MLS-959124-5
 

Property Description

1254 Southern Blvd Presents A Rare Opportunity To Acquire A High-visibility, Corner Free-standing Retail Property In The Bronx. The 5, 000 Sf Single-story Masonry Building, Situated On A 5, 000 Sf Lot, Is Fully Leased To A Long-term, Single-tenant Laundromat Under A New 15-year Lease Commencing April 2024. The Property Benefits From Excellent Exposure Beneath An Elevated Subway Line, Strong Pedestrian Traffic, And A Dense Residential And Commercial Trade Area, Making It A Core Neighborhood Retail Asset With Stable Demand. Zoned R7-1 / C1-4, The Asset Offers Long-term Investment Stability With Potential Future Upside, And Is Well-suited For Investors Seeking Predictable Cash Flow With Minimal Management. Offered At A 4.1% Cap Rate.

Property Information

Location/Town New York
Area/County Bronx
Post Office/Postal City Bronx
Prop. Type Commercial Sale
Tax $40,264.00
Year Built 1924
Construction Brick
Lot SqFt 5,000
Cooling Electric
Heat Source Electric
Util Incl Electricity Connected
Days On Market 1
Tax Assessed Value 402300
Listing information courtesy of: B Square Realty

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