This mixed use property offers a promising investment opportunity. The first floor serves as a medical office, making it ideal for healthcare professionals seeking a conveniently located space. With the current market rent, the potential for leasing it to another medical practice or converting it for other commercial uses adds versatility. The second floor features a spacious three bedroom apartment, providing a comfortable living space. This apartment provides presents a steady income stream. The layout and design offer residents a cozy and functional environment, making it appealing to potential tenants. Located right on Jamaica Ave, the property benefits from excellent visibility and accessibility. The vibrant neighborhood provides access to various amenities, including shops, restaurants, and transportation options, enhancing the property's appeal.
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.
Calling All Investors, Developers, Restauranteurs & End-Users!!! 2,400 Sqft. 3 Unit Retail Strip On Busy Lefferts Blvd. For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, Strong R4A/R6A/C2-3 Zoning, High 10' Ceilings, Restaurant, Long-Term Tenants, Liquor Store, Large Rear Yard, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Richmond HIll With 38' Of Frontage On Lefferts Blvd. Just Off Of Atlantic Ave. Near Jamaica LIRR Yard!!! Neighbors Include Starbucks, Toyota, KIA, Verizon, Western Union, The Home Depot, Stop & Shop, Life Storage, CubeSmart Self Storage, Walgreens, Dunkin', Planet Fitness, Raymour & Flannigan, Marshalls, Dollar Tree, Davis Visionworks, Wendy's, Carvel, Dollar General, IHOP, +++!!! This Property Has Been Home To A Successful Restaurant + Liquor Store For 30+ Years!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Liquor Store (800 Sqft.): M-M; Been here 30+ Years So Far. (Available) Punjabi Kabab House (1,600 Sqft): M-M; Been Here 30+ Years So Far. (Available) Expenses: Electric: $0 Gas: $0 Water & Sewer: $0 Ann. Snow & Landscape: $0 Ann. Garbage: $0 Ann. Insurance: $6,700 Ann. Taxes: $13,689.12 Ann. Total Expenses: $20,389.12 Ann.
Apartment Building, APPROX 3500 lot size with approximate 5635sq ft. Property sits on 3522 sq ft corner lot and is zoned R6A,C2-4. Property is conveniently located within steps of J,Z Subway and walking distance to busses, Shopping, Forest Park, Schools
This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18,000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145,800 Expenses are $28000. Net income is around $117,800 7.3% cap at the asking price Have additional air rights
for full description see Active Listings at Meridian Investment Sales
Richmond Hill!! 6 Family Home With One 2 Bedroom Apartment, Four 1 Bedroom Apartments, And One Studio Apartment. All Brick With Separate Meters For Electric And Gas For Each Unit. Minutes Away From Public Transportation, Shopping, Dining, & All Services. 30 Minutes To JFK. Building Size of 3550 sq/ft of R4-1 Zoning. Perfect Investment Opportunity For 1031 Exchange. Total Income $104,808, Net Operating Income $78,688.
132-10 Hillside Ave, Richmond Hill is a Versatile Mixed- Use Building Perfect for an End User or Developer! Retail Space with Storage on the 1st Floor with 2 Apartments on the 2nd Floor. This is a 3,745 SF Building with 9,295 SF Maximum Usable Floor Area Located in Desirable R6 Zoning. Close to Restaurants, Shopping and Public Transportation! Nearby, Forest Park offers a Sprawling Green Space Perfect for Outdoor Activities and a Peaceful Escape from City Life.
location's convenience is unparalleled. Unique boutique shops, various hair salons, and popular restaurants are easily accessible from the property as well, allowing tenants to be only a step away from local retailers. Heavy foot traffic,2 commercial spaces, there are limitless opportunities for a new investor.
Modern Construction Professional Office Condo Unit for Sale next the Heavily Trafficked Metropolitan Avenue. Strong real estate fundamentals. ADA accessible Close Proximity to Kew Gardens LIRR & Multiple lines of transportation. Currently configured as Medical Office and can be converted to any type of professional use. This building is great for Doctors, Educational, Nonprofit, and Professional tenants. Great for any investor or end user. Low taxes and Common charges. Featured commercial Sales. ~Facts: ~Taxes: 21,000 ~HOA 355 ~Bathrooms : 2 ~ 4 Exam Rooms. ~ 2 Consultation Rooms. ~1 Procedure Room. ~Reception. !AC: Electric Split + HVAC ~Heat: Hot Water
Richmond Hill is located in New York. Richmond Hill, New York has a population of 0.
The median household income for the surrounding county is $62,008 compared to the national median of $57,652.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 26.6 degrees. The average rainfall is approximately 46.6 inches per year, with 26.9 inches of snow per year.