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324 S Columbus Ave, Mt Vernon | 5 units 324 S Columbus Ave 6,965 SF 100% Leased Retail Building Mount Vernon, NY 10553 $1,721,112 CAD ($247.11 CAD/SF) 8.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Cash on Cash 10.84%
- Majority of Tenants Made Substantial Investments Into Renovations of their Space, Showing a Long-term Commitment to the Property
- Close Proximity to Train Station and 0055 Bus Stop
- Tenants Pay Utilities
- Basement not currently accessible by tenant
- 5 Commercial Units
EXECUTIVE SUMMARY
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 324-330 S Columbus Avenue Mount Vernon, NY ? in the Bronx (the "Property") is a five-unit, single-story neighborhood retail strip that is currently 80%leased, offering investors attractive in-place cash flow supported by local demand. With minimal operating overhead and a simple storefront layout, the Property provides a turnkey investment structure rarely available at this price point. Ideally positioned along S Columbus Avenue, one of Mount Vernon's most active commercial corridors, the Property benefits from strong neighborhood demographics and steady daily foot traffic. It sits directly across from Graham Elementary School and just two blocks from major national retailers including Target, TJMaxx, and Petco - a concentration of consumer draw that reinforces tenant stability and future leasing potential. The Property's efficient configuration, limited capital needs, and multi-tenant tenancy profile offer both income security and long-term flexibility. For those seeking a low-touch, reliable income stream, 324?330 S Columbus Avenue presents an exceptional opportunity to acquire a stabilized multi-tenant retail asset without the risk or complexity of heavy repositioning or redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,965 SF
Building Class
C
Year Built
1978
Price
$1,721,112 CAD
Price Per SF
$247.11 CAD
Cap Rate
8.08%
NOI
$138,994 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.16 AC
Zoning
B2 - Business
Frontage
70’ on South Columbus Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Epic Driving School
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- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Jamaica Cream
- -
- -
- -
-
Lorem Ipsum
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Jan 0000
- Mount Vernon Pharmacy
- -
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Epic Driving School | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Jamaica Cream | - | - | - | Lorem Ipsum | Jan 0000 | |
| Mount Vernon Pharmacy | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0800-169-025-04055-000-0009 | Improvements Assessment | $6,196 CAD |
| Land Assessment | $14,457 CAD | Total Assessment | $20,653 CAD |
PROPERTY TAXES
Parcel Number
0800-169-025-04055-000-0009
Land Assessment
$14,457 CAD
Improvements Assessment
$6,196 CAD
Total Assessment
$20,653 CAD
CONTACTS
-
Mitchel Flaherty -
Brian Whelan -
Jake Shapiro -
Jonathan Auerbach -
Jared Gootnick -
RIPCO Real Estate
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324 S Columbus Ave, Mt Vernon | 5 units | 324 S Columbus Ave
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