320 204Th St The Bronx, NY 10467

This exceptional investment opportunity presents a fully occupied, 10,200 square foot, one-story multi-tenant retail building located at 320 E 204th St in the Norwood neighborhood of the Bronx, New York (zip code 10467). The property boasts a 100% occupancy rate, generating a 6.22% cap rate and commanding a price of $588.24 per square foot, with an asking price of $6,000,000. The building features three fully occupied commercial units, offering ground floor retail space and a cellar. Situated on a busy traffic corridor, this property benefits from excellent visibility and high foot traffic. Its strategic location between Hull Ave and Perry Ave provides convenient access to the Norwood - 205th St subway station (D train) and numerous bus lines (BX34, BX28, BX38, & BX16). The area is densely populated with strong retail demand, evidenced by the presence of numerous established businesses nearby, including Dunkin', McDonald's, Boost Mobile, Foodtown, Crunch Fitness, Capital One Bank, Subway, Chase Bank, Family Dollar, Domino's Pizza, Popeyes, Metro by T-Mobile, Texas Chicken & Burgers, and Papa Johns. This is a rare opportunity to acquire a high-performing, fully leased retail property in a thriving Bronx neighborhood. The modified lease structure provides a stable income stream and potential for future growth. The property's strong tenant mix and prime location make it an ideal investment for discerning buyers seeking a stable and appreciating asset.