552-558 S Fulton Ave - Warehouse FOR SALE


Mount Vernon, NY 10550- South Side
$12,960,000 USD
914-469-0556
552-558 S Fulton Ave, Mount Vernon, NY for Sale
$12,960,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

552-558 S Fulton Ave
Mount Vernon, NY 10550
South Side


HIGHLIGHTS

  • ±60,000 SF Fully Leased Industrial Investment Property
  • Last-Mile Distribution Location serving NYC and Westchester
  • Long-Term Leases with Annual Rent Increases
  • Immediate Access to I-95 Logistics Corridor

OVERVIEW

545 Franklin Avenue is a fully leased ±60,000 SF industrial investment property located on the Westchester–Bronx border, strategically positioned within one of the New York City region’s key last-mile distribution corridors with immediate access to I-95. The property is 100% leased to four established industrial tenants, providing stable in-place income and consistent cash flow. All tenants have long-term leases with approximately 5–10 years of remaining term, including annual rent increases, market-based escalations, and operating expense pass-throughs, creating a predictable investment-grade income profile with no lease-up risk. The building features on-grade loading on both levels, high clear ceiling heights, heavy power, and a full sprinkler system, supporting a wide range of warehouse, logistics, distribution, contractor, and light industrial uses. An additional ±13,500 SF of paved outdoor storage provides valuable industrial outdoor storage (IOS), fleet parking, contractor yard space, and equipment storage, a highly sought-after feature in the supply-constrained Westchester / Bronx industrial submarket. Located within a dense last-mile logistics market serving New York City, Westchester County, and the Bronx, the property benefits from limited industrial supply, strong tenant demand, and excellent highway connectivity. 545 Franklin Avenue represents a rare opportunity to acquire a fully stabilized industrial investment property with long-term tenants, contractual rent growth, and strong fundamentals in a high-barrier-to-entry infill market. Detailed rent roll, lease terms, income, and expense information available upon request through Shay Property Group.

FOR SALE DETAILS

PRICE

$12,960,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Industrial Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Oil (Steam)

CLEAR CEILING HT

16 Ft

DOCKS

3

DRIVE INS

3

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.8

LAND SF

34,848

ZONING

I

APN/PARCEL ID

0800-169-040-03143-000-0003

ASK ABOUT THIS PROPERTY

Ryan ShayShay Property GroupMore Info
914-469-0556

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Ryan ShayShay Property GroupMore Info
914-469-0556

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