$2395000 POSITIVE CASH FLOW RETAIL BUILDING FOR SALE!!! (MELROSE )

Angela Garduno | Weichert Realtors, Realty Masters | 914-837-5180 Melrose Ave, Bronx, NY RENOVATED 7 STORE BUILDING , 6 STORES & 1 LG OFFICE Business Opportunity offered at $2,395,000 Year Built Unspecified Sq Footage 5,000 Floors 2 Parking Unspecified Lot Size Unspecified Maint $0 per month DESCRIPTION Gross Sq Ft: 5,000 [Air Rights: 1,075] Stores: 7 Year Built 1931 Zoning: C1-4/R6 F.A.R: 2 Max F.A.R: 2.43 Description & Improvements: The entire building has been gut renovated. Bus stops in front of property. Few blocks from express 2 & 5 subway line. Stores rented below market. Opportunity to add to the size of the building by utilizing 1,075/sq ft of air rights. The stores rent increases by 5% annually. PLENTY OF RETAIL AND RESIDENTIAL DEVELOPMENT OCCURING IN IMMEDIATE AREA Transportation: Bus: 1, 2, 17, 32, 36, 40, 41, 42, Train: 2, 5 Contact Angela Garduno 914-837-5180 see additional photos below PROPERTY FEATURES Gut renovated 7 store building. Tenants take care of most expenses. LOCATION FEATURES Highly accessible. Located a few blocks from Retail Hub Development which should increase traffic in OTHER SPECIAL FEATURES Positive Cash Flow. 8% Return ADDITIONAL PHOTOS Seller contact info: Angela Garduno Weichert Realtors, Realty Masters 914-837-5180 For sale by agent/broker Equal Opportunity Housing Posted: May 3, 2008, 5:59pm PDT

• Location: MELROSE
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