Available For Sale - Retail

15,553 SF | Show Pricing $

Retail Space in New York for sale

AVAILABILITY DETAILS

Size
15,553 SF
Price/SF
Show Pricing $
Listing ID
SA481824
Notes
Description

Lee & Associates NYC is pleased to exclusively present the opportunity to acquire the retail condominium unit located at 300 West 122nd Street in the Harlem neighborhood of New York, NY. Located at the base of a newly constructed residential building, the retail space is leased to Lincoln Market, a grocer that allows the space to qualify for the FRESH program and associated tax abatements, and one below grade unit in the process of being leased. The space consists of ~15,553 square feet of above grade space as well as ~2,332 square feet below grade. The acquisition opportunity provides a retail investor or 1031-exchange peace of mind investing in a recession and pandemic proof anchor grocer tenant with a long-term in place lease supplemented by the benefits of the FRESH program tax incentives.

Highlights

Tremendous corner frontage on St. Nicholas Avenue and West 122nd Street located at the crossroads of Frederick Douglass Blvd and St. Nicholas Avenue

Ideal tenancy for current market climate. “Grocery anchored” is a common criteria for NNN investors

Located 3 blocks from the 125th Street Station

Steps away from the 125th Street retail corridor

Blossoming residential neighborhood with future deliveries planned lends well to success of current and future tenants
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jonathan Braun, Lee & Associates