Commercial in Bronx County
| MLS Number | 959124 |
|---|---|
| Address | 1254 Southern Boulevard, Bronx, NY 10459 show map |
| Price | $2,880,000 show mortgage calculator |
| Acres | 0.1147842056933 |
| Year Built | 1924 |
| Est. Sq. Footage | 0 |
| Zoning | R7-1 |
| Current Uses | |
| Permitted Uses |
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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