54-76 170Th St, Bronx, NY 10452

Meridian Investment Sales is pleased to exclusively present 54-76 East 170th Street, a multi-tenant prime retail property located in the Mount Eden neighborhood of the Bronx. The 14,640 RSF single-story retail building is 100% occupied by nine tenants with a WALT of over 5.5 years. Situated at the southeast intersection of East 170th Street and Walton Avenue, the property features over 250’ of wraparound corner frontage providing excellent visibility and foot traffic along the bustling commercial corridor. Nearby notable retail tenants include Apple Bank for Savings, Ponce Bank, Chase Bank and McDonald’s. As a testament to the location, Taco Bell recently executed a new 15-year lease at the property with a rent commencement anticipated in mid-2024. Overall, the property features a diverse tenant base including two medical tenants, a pizza parlor, food market, several boutique clothing retailers, an electronic store, and the recently signed Taco Bell.
Situated within an R8A / C2-4 zoning district and the Special Jerome Corridor District, 54-76 East 170th Street features an as-of-right maximum buildable of 88,344 SF. Therefore, this property boasts an exceptional and rare opportunity to acquire a prime retail property with the potential for meaningful future development.
Mount Eden is a dynamic and culturally rich neighborhood nestled in the southwest part of the Bronx. Steeped in history and vibrancy, the community offers a unique blend of urban living and a strong sense of identity. Characterized by its tree-lined streets, dense residential communities, and bustling commercial corridors, the neighborhood is home to a diverse and growing population driving neighborhood
retail demand. Situated nearby convenient citywide transportation options, 54-76 East 170th Street is located directly between Jerome Avenue – 170th Street Station and Grand Concourse – 170th Street Station servicing the 4, B, and D trains. Overall given the diverse tenant base, strong WALT, and prominent location with significant development rights, 54-76 East 170th Street offers investors strong and stable cash flow for years to come with a long-term development option to capitalize on the abundant air rights.