Listed by B Square Realty, E Realty International Corp
$2,880,000
1254 Southern Boulevard
Details
APN 02979-0020
Property Type Retail
Sub Type Storefront
Square Footage 5,000
Year Built 1924
Acreage 0.115
Zoning R7-1
Retail | 5,000 SqFt
Marketing 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.
Listing Contacts
Listed by B Square Realty, E Realty International Corp
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Zoning
R7-1 ResidentialMulti FamilyGeneral Residence
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