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33857055
33857054

324-330 S Columbus Avenue, Mount Vernon, NY 10553

JS
NY 10401328541
RIPCO Real Estate
BW
NY 10401277435, NJ 1644475
RIPCO Real Estate
RIPCO Real Estate
JA
NY 10401382946
RIPCO Real Estate
RIPCO Real Estate
Listed by RIPCO Real Estate
$1,175,000
0 days on market
Updated 0 days ago

324-330 S Columbus Avenue

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 3,500
Units 5
Cap Rate 8.90%
NOI $104,547
Occupancy 100%
Tenancy Multi
Price per SqFt $336
Class A
Year Built 1984
Year Renovated 2020
Stories 1
Lot Size (SqFt) 6,970
Zoning Neighborhood Business (NB)
Investment Type Stabilized

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

Listing Contacts

JS
NY 10401328541
RIPCO Real Estate
BW
NY 10401277435, NJ 1644475
RIPCO Real Estate
RIPCO Real Estate
JA
NY 10401382946
RIPCO Real Estate
RIPCO Real Estate
Listed by RIPCO Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,547.00
$8,712.25/mo

Valuation Metrics

0
DSCR
8.9%
Cap Rate
8.9%
ROI

Map

Zoning

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R2-4.5 ResidentialTwo FamilyTwo Family Residence
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jake Shapiro
License
10401328541
Brokerage
RIPCO
Brokerage Phone
9172991140
Title
Associate
Brokerage Address
150 East 58th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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