1233-1237 Grant Ave - Retail FOR SALE


Bronx, NY 10456
$8,800,000 USD
212-235-2764
1233-1237 Grant Ave, Bronx, NY for Sale
$8,800,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

1233-1237 Grant Ave
Bronx, NY 10456


OVERVIEW

SP Capital Group is pleased to present a prime investment opportunity located at 1233-1237 Grant Ave in the vibrant Concourse Village neighborhood of the Bronx. This well-maintained, single-story retail building spans 10,000 square feet and features six retail units. Key Highlights: Occupancy Rate: The property boasts a strong occupancy rate, with leases in place extending from 2022 to 2031. The diverse tenant mix includes a liquor store, pharmacy, check cashing service, and a Chinese restaurant, ensuring steady cash flow. Attractive Income Stream: The property generates a total income of approximately $757,782, with a robust net operating income (NOI) of $557,546. Many tenants contribute towards property taxes, further enhancing the investment’s appeal. Development Potential: Situated on a 10,000 square foot lot with R7-1/C1-4 zoning, the property allows for up to 34,400 buildable square feet. Strategic Location: Located at the corner of Grant Ave and E 167th St, this property enjoys high visibility and foot traffic. It is conveniently positioned near restaurants, shops, markets, schools, Claremont Park, and major transportation routes, including the B and D train lines. This is a chance to acquire a retail asset with immediate cash flow in one of the Bronx's most sought-after neighborhoods. For more information, please contact us today.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$880 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grant Avenue Shops

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

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Roni SoleimaniSP Capital Group LLCMore Info
212-235-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.