Heidi Spellman Realty, llc Working Remotely Port Washington, NY 11050 P: (516) 767-0200 ~ C: (516) 410-1172 E-Mail: Heidi@HSR-NY.com

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132-04 Jamaica Avenue Richmond Hill, NY 11418
$1,350,000
  • Commercial
  • Year Built 1935
  • Mixed Use
  • ML# 3575684

Property Details

Overview

Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z. Large scale new developments surround this ideal site. Some of the prestigious neighboring business include:Jamacia Hospital Medical Center, Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin’ Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS...This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear. The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential! See setup attached for financial information.

Key Facts

  • Lot Size: 0.05
  • Lot Sq Ft: 2380
  • Taxes: $20,619
  • Sale or Rent: Sale
  • Zoning: M1-1, R4
  • Block: 9340
  • Lot: 102

Additional Features

  • Building Size: 20’ x 70’
  • Stories: 2

Interior & Utilities

  • Heat: Electric, Natural Gas, Baseboard
  • Sewer: Public Sewer

Financial

  • Taxes: $20,619
Listing Information provided courtesy of Tyme Realty Corp  646-893-8963
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