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    Fully Leased Retail Asset Bronx Title is generated by Realmo AI

    304-312 E 204th St The, Bronx, NY 10467

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    For Sale
    $9,950,000

    Fully leased NNN retail asset in a high-traffic location.

    Type:Commercial
    Property size:
    8,000 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $1,243/SF
    Added:
    Apr 15, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 10 at 9:04 am

    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

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    Listing Contact
    Michael Frontera
    Michael Frontera

    Listing agent Michael Frontera License #10301213507

    Listing office Douglas Elliman of NJ LLC

    Listing date Apr 15, 2026

    Source Elliman

    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

    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.
    • Diversified tenant mix including national (T‑Mobile) and local operators, reducing risk.
    • Additional 7,500 SF buildable as of right, offering future development potential.
    • Excellent accessibility and visibility with strong pedestrian and vehicular traffic, and convenient subway and bus connectivity.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.878517
    Latitude
    40.872534

    FAQs

    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 $9,950,000.
    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.
    More about this property
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