1150 Webster Ave - Storefront Retail/Office FOR SALE


Bronx, NY 10456- Morrisania
$9,980,000 USD
646-559-4700
1150 Webster Ave, Bronx, NY for Sale
$9,980,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.3% Cap Rate

1150 Webster Ave
Bronx, NY 10456
Morrisania


HIGHLIGHTS

  • 100% Occupancy By (6) Medical Tenants
  • Converted in 2018 From Multi-Story Parking to Medical
  • Located .5 Miles from 167th Street Subway Stop
  • Weighted Average Lease Term of 9.3 Years
  • 50% of Taxes Reimbursed by Tenants
  • 90% Occupancy (Average) Since 2018

OVERVIEW

Landair Property Advisors has been hired to sell Webster Medical Plaza, located at 1150 Webster Avenue, Bronx, NY 10456. The property is a 32,340 square foot two-story building situated on a 16,341 square foot lot. Currently, the property is fully leased with six robust medical tenants, contributing to a stable and high-performing investment opportunity. Originally constructed as a parking garage, the property was converted into a modern medical facility in 2014. This adaptive reuse allowed for the creation of large, flexible floor plates ideal for healthcare tenants and reflects longterm institutional demand in the area. The building’s structural capacity and layout, inherited from its former use, support heavy utility loads and high foot traffic—key advantages for medical occupancy. Located just .5 miles from the 167th St subway stop, 1150 Webster Avenue benefits from high pedestrian traffic and excellent accessibility, enhancing it’s value as a retail destination. This property represents an exceptional opportunity for investors seeking a low-maintenance, high-yield asset with potential for future growth in a prime urban location.

FOR SALE DETAILS

PRICE

$9,980,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Webster Medical Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Drug Store, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,800 SF

ZONING

M1-1

APN/PARCEL ID

02392-0020

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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