324 S Columbus Ave - Storefront Retail/Office FOR SALE


Mount Vernon, NY 10553- South Side
$1,250,000 USD
516-933-8880
324 S Columbus Ave, Mount Vernon, NY for Sale
$1,250,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 8.08% Cap Rate

324 S Columbus Ave
Mount Vernon, NY 10553
South Side


HIGHLIGHTS

  • Cash on Cash 10.84%
  • Tenants Pay Utilities
  • Majority of Tenants Made Substantial Investments Into Renovations of their Space, Showing a Long-term Commitment to the Property
  • Basement not currently accessible by tenant
  • Close Proximity to Train Station and 0055 Bus Stop
  • 5 Commercial Units

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 324-330 S Columbus Avenue Mount Vernon, NY ? in the Bronx (the "Property") is a five-unit, single-story neighborhood retail strip that is currently 80%leased, offering investors attractive in-place cash flow supported by local demand. With minimal operating overhead and a simple storefront layout, the Property provides a turnkey investment structure rarely available at this price point. Ideally positioned along S Columbus Avenue, one of Mount Vernon's most active commercial corridors, the Property benefits from strong neighborhood demographics and steady daily foot traffic. It sits directly across from Graham Elementary School and just two blocks from major national retailers including Target, TJMaxx, and Petco - a concentration of consumer draw that reinforces tenant stability and future leasing potential. The Property's efficient configuration, limited capital needs, and multi-tenant tenancy profile offer both income security and long-term flexibility. For those seeking a low-touch, reliable income stream, 324?330 S Columbus Avenue presents an exceptional opportunity to acquire a stabilized multi-tenant retail asset without the risk or complexity of heavy repositioning or redevelopment.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

324 S Columbus Ave, Mt Vernon | 5 units

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B2

APN/PARCEL ID

0800-169-025-04055-000-0009

ASK ABOUT THIS PROPERTY

Mitchel FlahertyRIPCO Real EstateMore Info
516-933-8880

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Mitchel FlahertyRIPCO Real EstateMore Info
516-933-8880

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