Fully Leased Retail Asset
For Sale
$8,500,000
304-312 E 204th St The, Bronx, NY 10467
Fully leased NNN retail asset in a high-traffic location.
Property Size8,000 SF
Lot Size0.18 Acres
Price / SF$1,062
Days on Market139
Property Features for 304-312 E 204th St The
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.18 Acres
Property subtype
Commercial
Listing Agency:
Douglas Elliman of NJ LLC
(646) 379-4217
Listed By:
Michael Frontera · License #10301213507
(646) 379-4217
Source:
Elliman
Added: Apr 15
Changed: Aug 23
Last Checked: Aug 30 at 7:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman of NJ LLC
Investment Insights
Based on property information with market context.
Located in the Norwood retail corridor, this fully leased NNN retail asset at 304–312 East 204th Street in the Bronx offers a rare investment opportunity. The one-story commercial property spans 7,500 square feet on a 75’ x 100’ lot and features four established retail tenants. The property generates $43,632 per month ($523,584 annually) in gross rental income under a triple-net (NNN) structure, where tenants cover taxes, insurance, and maintenance. Current tenants include T-Mobile (lease through 1/31/31), Capitol Diner (lease through 9/30/34), Guac Times (lease through 11/13/35), and Therapy Care (lease through 7/31/33). All leases provide long-term stability with contractual increases. The property is positioned just off Webster Avenue, benefiting from strong pedestrian and vehicular traffic, excellent subway and bus connectivity, and an established neighborhood retail corridor. The building was built in 1921. The location has a walk score of 81, a bike score of 71, and a transit score of 100. The zoning is R5D, C1-4, a medium-density district with a height limit of 40 feet. There is another 7,500 SF buildable as of right.
Key Highlights
- Fully leased NNN asset generating over $500,000 annually with minimal landlord responsibilities.
- Long‑term leases in place with contractual rent increases, ensuring predictable income growth.
- Located in the heart of the Norwood retail corridor, a densely populated and consistently active neighborhood in the Bronx.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,599
Businesses Nearby
129k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 31%
Groceries 22%
Hotels & Casinos 1%
BP
Shops & Services
18,319 visits/mo
0.5 miles
McDonald's
Dining
15,814 visits/mo
0.1 miles
Capital One Bank
Shops & Services
15,255 visits/mo
0.1 miles
Super Foodtown
Groceries
11,640 visits/mo
0.0 miles
Fine Fare
Groceries
10,963 visits/mo
0.4 miles
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased NNN retail asset in a high-traffic location.
Where is this storefront property located?
The property is located at 304-312 E 204th St The Bronx, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Fully leased NNN asset generating over $500,000 annually with minimal landlord responsibilities.; Long‑term leases in place with contractual rent increases, ensuring predictable income growth.; Located in the heart of the Norwood retail corridor, a densely populated and consistently active neighborhood in the Bronx.
