1254 Southern Blvd
the bronx, NY 10459US$2,880,000
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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.
Details
5,000 Sq Ft
5,000 Sq Ft Lot Size
commercial
US$3,355 Monthly Tax
Built in 1924
MLS/Listing ID 959124
Amenities & Features
Heating - Electric
Cooling - Electric
Construction - Brick
Estimate my mortgage
TOTAL MONTHLY COST
US$0
- PRINCIPAL & INTEREST
US$0
- PROPERTY TAXES
US$0
- Common Charges
US$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
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