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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.
| 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 | |