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Property profile

308 204Th St The Bronx, NY 10467

OFF-MARKET
Retail properties & Spaces
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7,500 SF Built 1921

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1921
Total area 7,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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