1254 Southern Blvd presents a rare opportunity to acquire a high visibility, corner free standing retail property in the Bronx.
| Website: | https://www.nestseekers.com/5271010 |
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| Address: | New York, NY 10459 |
| Ownership: | For Sale |
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| Type: | Retail |
| Lot Size: | 0.1 Acres |
Financials
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.
Amenities
- Electricity Connected
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 | |
| Listing Courtesy of B Square Realty | |