1254 Southern Blvd presents a rare opportunity to acquire a high visibility, corner free standing retail property in the Bronx.


Property

Website:https://www.nestseekers.com/5271010
Address:
New York, NY 10459
Ownership: For Sale
Type: Retail
Lot Size: 0.1 Acres

Financials

Price:$2,880,000
Annual Taxes:$40,263.88

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of B Square Realty