Mount Vernon Retail Pharmacy
For Sale
Contact for pricing
Pending
26B South 4th Avenue, Mount Vernon, NY 10550
Established pharmacy retail store in vibrant downtown location.
Property Size1,800 SF
Days on Market166
Property Features for 26B South 4th Avenue
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Retail, Office
Zoning
Downtown Business (DB)
Occupancy
100%
Lease Type
Net
Site & Location
Neighborhood
West Mount Vernon
Building Details
Year Built
1954
Year Renovated
1983
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Hanmi Realty
Listed By:
Diane Mi Ryoung Chong · License #10401220770
Source:
Crexi
Added: May 23
Changed: Oct 25
Last Checked: Nov 3 at 5:38AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-tenant building, approximately 1,800 square feet, houses a well-established, reputable, and stable family-owned pharmacy retail store that has been in operation for many years. The store occupies both the street level and the second floor, with around 1,300 square feet on the first floor and approximately 500 square feet of office space and storage on the second floor. The lot size is around 1,300 square feet. The property benefits from high foot traffic, prominent sign frontage, and large street-facing windows, situated in the vibrant downtown area of Mount Vernon. The location sees over 4,600 cars per day and is near Bee-line bus stops (routes 40, 41, 42, 43, 52, 53, 54), a Chase bank, Westchester Community College, and a McDonald's. It is also located four blocks from the Mount Vernon East Metro-North train station. Nearby businesses include Golden Krust Caribbean, Boost Mobile, Metro by T-Mobile, VIM, Rainbow clothing shop, Jackson Hewitt, and Liberty Tax. Popeye's, Domino's Pizza, Foodtown, City Hall, the post office, and the police station are also in close proximity. The current lease expires on May 31st, 2027, with the landlord having the option to renew. The property generates a yearly gross rental income of $41,000 and a yearly net rental income of approximately $26,000, representing a 7.4% cap rate.
Key Highlights
- Stable, family‑owned pharmacy tenant in place with lease expiring May 31, 2027, providing immediate rental income.
- High‑visibility location in vibrant downtown Mount Vernon with excellent foot and vehicle traffic.
- Solid investment opportunity with a 7.4% cap rate and $26k net rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,942
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,840
$618.8K
Cap Rate 7%
$442,029
$442.0K
Cap Rate 9%
$343,800
$343.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$43.2K $24.00/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$41.3K $22.92/SF
− OpEx
−$10.3K −$5.73/SF
NOI
$30.9K $17.19/SF
Area
Westchester County, NY
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,840
Cap Rate 7%
$442,029
Cap Rate 9%
$343,800
Alternative Uses
Best Use
Retail
$543.7K
$475.8K – $634.3K
NOI $38,060 @ 7.0% cap · market cap 10.87%
Second Best
Specialty Retail
$442.0K
$386.8K – $515.7K
NOI $30,942 @ 7.0% cap · market cap 8.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,022
Businesses Nearby
128k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 34%
Dining 14%
Apparel 8%
Food Bazaar Supermarket
Groceries
49,467 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,515 visits/mo
0.5 miles
Gulf Oil
Shops & Services
8,519 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,852 visits/mo
0.3 miles
Dollar General
Shops & Services
7,451 visits/mo
0.5 miles
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Knock on Hemp — 50 E Sandford Blvd, Mt Vernon, NY 10550
- CVS Pharmacy — 211 E Sandford Blvd, Mt Vernon, NY 10550
- Nellickel Joby — 4704 White Plains Rd, Bronx, NY 10470
- City Line Pharmacy — 4704 White Plains Rd, Bronx, NY 10470
- Platinum Cutz — 4435 Mundy Ln, Bronx, NY 10466
Frequently Asked Questions
What type of property is this?
Drug store - Established pharmacy retail store in vibrant downtown location.
Where is this drug store located?
The property is located at 26B South 4th Avenue 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: Stable, family‑owned pharmacy tenant in place with lease expiring May 31, 2027, providing immediate rental income.; High‑visibility location in vibrant downtown Mount Vernon with excellent foot and vehicle traffic.; Solid investment opportunity with a 7.4% cap rate and $26k net rental income.
