Single-Story Retail Strip
For Sale
Contact for pricing
324 S Columbus Ave, Mount Vernon, NY 10553
Single-story storefront strip with five units, 80% leased, positioned across from Graham Elementary School.
Property Size3,500 SF
Price / SF$335.71
Days on Market262
Property Features for 324 S Columbus Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
RETAIL
Occupancy
80%
Site & Location
Neighborhood
Parkside
Building Details
Stories
1
Tenancy
Multi
Listing Agency:
RIPCO Real Estate - Brooklyn
(718) 233-6565
Listed By:
Mitchel Flaherty
(917) 348-0242
Source:
Moodyscre
Added: Feb 6
Changed: Oct 25
Last Checked: Oct 24 at 8:23PM
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 RIPCO Real Estate - Brooklyn
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Investment Insights
Based on property information with market context.
This single-story retail strip center offers a five-unit storefront configuration designed for straightforward tenancy and operations. The property is currently 80% leased, supporting an in-place income stream with limited overhead and a turnkey retail format.
The building is located directly across from Graham Elementary School. It also sits about two blocks from major retailers including Target, TJ Maxx, and Petco, which can help sustain neighborhood retail demand.
For buyers seeking a stable, low-complexity asset, this property provides a multi-tenant setup without requiring repositioning or rehab work, based on the current condition and existing leasing profile.
The building is located directly across from Graham Elementary School. It also sits about two blocks from major retailers including Target, TJ Maxx, and Petco, which can help sustain neighborhood retail demand.
For buyers seeking a stable, low-complexity asset, this property provides a multi-tenant setup without requiring repositioning or rehab work, based on the current condition and existing leasing profile.
Key Highlights
- Single‑story storefront retail strip with 5 units
- 80% leased with in‑place cash flow
- Multi‑tenant retail format with minimal complexity and limited overhead
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,006
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,120
$1.5M
Cap Rate 7%
$1,057,229
$1.1M
Cap Rate 9%
$822,289
$822.3K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$121.8K $34.80/SF
− Vacancy
−$16.1K −$4.59/SF
EGI
$105.7K $30.21/SF
− OpEx
−$31.7K −$9.06/SF
NOI
$74.0K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,120
Cap Rate 7%
$1,057,229
Cap Rate 9%
$822,289
Alternative Uses
Best Use
Retail
$1.06M
$925.1K – $1.23M
NOI $74,006 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
195k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Electronics 28%
Shops & Services 26%
Office Supplies 12%
Best Buy
Electronics
50,299 visits/mo
0.2 miles
McDonald's
Dining
34,097 visits/mo
0.5 miles
Staples
Office Supplies
23,106 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,606 visits/mo
0.3 miles
Burger King
Dining
13,190 visits/mo
0.3 miles
Demographics for 10553, NY
11,281
Population
3,801
Households
3
Avg Household Size
38
Median Age
43%
College-Educated
82%
High-School Grad
0.7 sq mi
ZIP Area
16,116
Density / Sq Mi
$84,173
Median Household Income
$52,668
Median Earnings
$1,771
Median Rent
$490,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Single-story storefront strip with five units, 80% leased, positioned across from Graham Elementary School.
Where is this strip mall located?
The property is located at 324 S Columbus Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Single‑story storefront retail strip with 5 units; 80% leased with in‑place cash flow; Multi‑tenant retail format with minimal complexity and limited overhead
