308 204Th St, The Bronx, NY 10467
This exceptional 7,500 square foot, single-story commercial property located at 308 E 204th St, The Bronx, NY 10467, presents a unique investment opportunity. Built in 1921 and recently renovated, this vacant property boasts a combined restaurant and bakery setup, ideal for a multi-business operation. The asking price is $250,000. The space features a fully equipped kitchen with brand new, paid-off equipment including two large refrigerators, a cake cooler, four display fridges, an empanada warmer, a high-end bread shelf ($4000), a display shelf ($1500), three sinks, two coffee machines, a substantial refrigerator ($6500), a food assembly line ($2700), a microwave, pizza maker, toaster, panini press, a five-foot steam table ($1500), sandwich table, hot food storage stand, ample shelving, a salad vaporizer, grill, cold table, large oven, cake mixer, small oven, and storage tubs. Additional features include two bathrooms, brand new air conditioning, and a full basement. The property is situated in a high-traffic area and includes a nine-year remaining lease term. The seller is highly motivated and open to partnership discussions. This turnkey operation is ready for a new owner to step in and begin generating revenue immediately. The property consists of four units. Gas is available. This is a truly remarkable opportunity to acquire a well-equipped, established business in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.