Grant Avenue Shops 1233-1237 Grant Ave

SP Capital Group is pleased to present a prime investment opportunity located at 1233-1237 Grant Ave in the vibrant Concourse Village neighborhood of the Bronx. This well-maintained, single-story retail building spans 10,000 square feet and features six retail units.
Key Highlights:
Occupancy Rate: The property boasts a strong occupancy rate, with leases in place extending from 2022 to 2031. The diverse tenant mix includes a liquor store, pharmacy, check cashing service, and a Chinese restaurant, ensuring steady cash flow.
Attractive Income Stream: The property generates a total income of approximately $757,782, with a robust net operating income (NOI) of $557,546. Many tenants contribute towards property taxes, further enhancing the investment’s appeal.
Development Potential: Situated on a 10,000 square foot lot with R7-1/C1-4 zoning, the property allows for up to 34,400 buildable square feet.
Strategic Location: Located at the corner of Grant Ave and E 167th St, this property enjoys high visibility and foot traffic. It is conveniently positioned near restaurants, shops, markets, schools, Claremont Park, and major transportation routes, including the B and D train lines.
This is a chance to acquire a retail asset with immediate cash flow in one of the Bronx's most sought-after neighborhoods. For more information, please contact us today.