Single-Tenant Pharmacy Retail
26 B South 4th Avenue #Left Mount Vernon, NY 10550
New
For Sale
$350,000
Established pharmacy occupies the street and second floors, with additional office and cellar storage in a single-tenant building.
Property Size1,950 SF
Lot Size0.03 Acres
Price / SF$179.49
Days on Market5
Property Features for 26 B South 4th Avenue #Left
General Information
Standard status
Active
Size
1,950 SF
Lot size
0.03 Acres
Property subtype
Unassigned
Building Details
Year Built
1954
Listing Agency:
HANMI REALTY
(718) 961-8801
Listed By:
Jung Ho Choe
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 27 at 1:33PM
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 HANMI REALTY
Investment Insights
Based on property information with market context.
A well-established, family-owned pharmacy retail store occupies the street and second floors of this single-tenant building. The layout includes approximately 1,100 square feet on the first floor and about 300 square feet of office and storage on the second floor, plus approximately 550 square feet of storage in the cellar. The property is described as very clean and stable, and it includes sign frontage, with large street window visibility.
The building benefits from strong downtown foot traffic in Mount Vernon and is positioned for street visibility, with 4,600+ cars per day cited in the public remarks. The listing notes nearby transit including Bee-line bus stops and proximity to the Mount Vernon East Metro-North station. The area is also described as surrounded by a variety of retail, dining, banking, education, and community services.
The property is offered for sale with a net lease in place. The tenant pays partial property taxes of $5,300 per year and utilities not including water, and the current lease expires May 31, 2027, with landlord option to renew. The listing reports yearly gross rental income of $41k and yearly net income around $21k at a 6% cap rate, with yearly taxes of $20,060 and a tax assessed value of $572k.
The building benefits from strong downtown foot traffic in Mount Vernon and is positioned for street visibility, with 4,600+ cars per day cited in the public remarks. The listing notes nearby transit including Bee-line bus stops and proximity to the Mount Vernon East Metro-North station. The area is also described as surrounded by a variety of retail, dining, banking, education, and community services.
The property is offered for sale with a net lease in place. The tenant pays partial property taxes of $5,300 per year and utilities not including water, and the current lease expires May 31, 2027, with landlord option to renew. The listing reports yearly gross rental income of $41k and yearly net income around $21k at a 6% cap rate, with yearly taxes of $20,060 and a tax assessed value of $572k.
Key Highlights
- Single‑tenant pharmacy retail building built in 1954, with approx. 1,950 SF occupied by the tenant on the street and second floors
- Income provided: $41k yearly gross rental income and about $21k yearly net income at a 6% cap rate
- Lease details: tenant pays partial property taxes ($5,300/year) and utilities (not including water); net lease expires May 31, 2027 with landlord renewal option
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- CVS Pharmacy — 211 E Sandford Blvd, Mt Vernon, NY 10550
- Nellickel Joby — 4704 White Plains Rd, Bronx, NY 10470
- Platinum Cutz — 4435 Mundy Ln, Bronx, NY 10466
- Knock on Hemp — 50 E Sandford Blvd, Mt Vernon, NY 10550
- City Line Pharmacy — 4704 White Plains Rd, Bronx, NY 10470
Frequently Asked Questions
What type of property is this?
Drug store - Established pharmacy occupies the street and second floors, with additional office and cellar storage in a single-tenant building.
Where is this drug store located?
The property is located at 26 B South 4th Avenue #Left Mount Vernon, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Single‑tenant pharmacy retail building built in 1954, with approx. 1,950 SF occupied by the tenant on the street and second floors; Income provided: $41k yearly gross rental income and about $21k yearly net income at a 6% cap rate; Lease details: tenant pays partial property taxes ($5,300/year) and utilities (not including water); net lease expires May 31, 2027 with landlord renewal option
