1254 Southern Blvd offers a rare opportunity to acquire a high-visibility corner retail property in the heart of the Bronx. The 5,000 SF freestanding masonry building sits on a 5,000 SF lot and is fully occupied by a single-tenant laundromat on a brand-new 15-year lease commencing April 2024. The lease includes annual 3% rent escalations, with the landlord responsible for real estate taxes. This property benefits from excellent exposure under the elevated subway line, strong foot traffic, and a dense residential and commercial trade area. Zoned R7-1/C1-4, the asset is ideal for long-term investors seeking stable cash flow and minimal management. At the asking price of $2.9M, the asset delivers a net operating income of $109,736, representing a 3.8% cap rate.