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.
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Listing By
Agency Name: B Square Realty
Agency Contact: 917-547-4288
Shown By
Agency Title: Laffey Real Estate
Agency Phone: 1-888-289-6902
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1254 Southern Boulevard , Bronx, NY 10459.
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1254 Southern Boulevard | MLS# 959124
This commercial property located at 1254 Southern Boulevard , Bronx, NY 10459 is currently listed for sale with an asking price of $2,880,000. Search Bronx real estate on www.laffey.com today.