The Westchester Ave And Evergreen Ave The Bronx, NY 10472

This exceptional investment opportunity presents a 10,020-square-foot retail storefront located at the intersection of Westchester Avenue and Evergreen Avenue in the Bronx, New York (zip code 10472). The property, a single-story building situated on a 10,020-square-foot lot, is zoned C4-2 and features eight separate tenant spaces, generating a Net Operating Income exceeding $600,000. The asking price is $8,950,000, representing a 6.70% cap rate with a pro-forma cap rate of 8.00%. A significant advantage is the inclusion of substantial development air rights, totaling 24,048 square feet, offering considerable potential for future expansion or redevelopment. The property benefits from its prime location on a busy retail corridor of Westchester Avenue, conveniently situated near a train entrance, ensuring high visibility and accessibility for both tenants and customers. This multi-tenant property presents a compelling investment opportunity with strong cash flow and significant upside potential.