324-330 S Columbus Avenue
Retail | 8.90% CAP | 3,500 SqFt
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 324-330 S Columbus Avenue Mount Vernon, NY in the Bronx (the "Property") is a five-unit, single-story neighborhood retail strip that is currently 80% leased, offering investors attractive in-place cash flow supported by local demand. With minimal operating overhead and a simple storefront layout, the Property provides a turnkey investment structure rarely available at this price point.
Ideally positioned along S Columbus Avenue, one of Mount Vernon's most active commercial corridors, the Property benefits from strong neighborhood demographics and steady daily foot traffic. It sits directly across from Graham Elementary School and just two blocks from major national retailers including Target, TJ Maxx, and Petco – a concentration of consumer draw that reinforces tenant stability and future leasing potential.
The Property's efficient configuration, limited capital needs, and multi-tenant tenancy profile offer both income security and long-term flexibility. For those seeking a low-touch, reliable income stream, 324–330 S Columbus Avenue presents an exceptional opportunity to acquire a stabilized multi-tenant retail asset without the risk or complexity of heavy repositioning or redevelopment.
Investment highlights
- 5 Units | 100%Leased
- Attractive In-Place Cash Flow
- Neighborhood Demographics & Stable Local Demand Directly across from Graham Elementary School and just 2 blocks from Target, TJMaxx, and Petco
- Limited Overhead & Turnkey Retail St rip Format Single-story storefront-style retail building with multiple tenants and minimal complexity
- Ideal for Passive Investor or Someone Seeking a Stable Income St ream Opportunity without repositioning or rehab work
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