1 Terrace View Ave - Storefront Retail/Office FOR SALE


Bronx, NY 10463- Marble Hill
$1,360,000 USD
646-286-1758
1 Terrace View Ave, Bronx, NY for Sale
$1,360,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6.6% Cap Rate

1 Terrace View Ave
Bronx, NY 10463
Marble Hill


HIGHLIGHTS

  • Well-maintained commercial property featuring a successful laundromat business on the 1st floor and additional 2 floor and 1 with full widow basement

OVERVIEW

Prime High Cash Flow Commercial Building Investment Opportunity | 7–8% Cap Rate | Marble Hill / Riverdale Border, Bronx Excellent opportunity to own leased, income-producing Commercial building in the highly desirable Marble Hill / Riverdale area of the Bronx. This well-maintained property, built in 2006, offers strong, stable cash flow, modern construction, and excellent long-term investment potential in a neighborhood known for its strong residential demographics and above-average household incomes. Investment Highlights * 7–8% Cap Rate * Projected Net Operating Income: Approximately $90,000/year Next Year *Especially 1st floor Retail Store stable Major tenants * Built in 2006 – Modern construction * High ceilings throughout * Individual central heating & cooling for each floor * Basement with exterior windows, providing natural light and ventilation Value-Add Opportunity The second floor can be delivered for owner use, making it ideal for an owner-occupant, professional office, or future repositioning while maintaining strong income from the remaining tenants. Strong Anchor Tenant The ground floor is occupied by a well-established laundromat that has successfully operated for nearly 15 years, serving a loyal neighborhood customer base and providing dependable, long-term rental income. Prime Location Ideally situated next to Riverdale in the Marble Hill section of the Bronx, the property benefits from a stable, higher-income residential community, excellent transportation access, and a strong local customer base, making it an exceptional long-term investment. Perfect for investors or 1031 exchange buyers seeking a turnkey, low-maintenance asset with immediate cash flow and future upside. Contact us today for the full financial package and to schedule a private showing.

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,412 SF

ZONING

M1-1

APN/PARCEL ID

2215-0181

ASK ABOUT THIS PROPERTY

Alice JinJ Real Estate ManagementMore Info
646-286-1758

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Alice JinJ Real Estate ManagementMore Info
646-286-1758

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