Nest Seekers

Exceptional mixed use investment opportunity on one of Jamaica s most active commercial corridors.

New York, NY 11432

Listing

Web ID:5749719
Website:https://www.nestseekers.com/5749719

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 3 BR
Bathrooms: 2
Lot Size: 3120 Acres

Financials

Price:$1,400,000

Description

Exceptional mixed-use investment opportunity on one of Jamaica’s most active commercial corridors. This approximately 3,120-square-foot property offers the income stability of two occupied residential apartments combined with the upside of an approximately 1560 -square-foot vacant ground-floor commercial space. The retail space was previously operated as a restaurant and includes existing commercial kitchen equipment, available at no additional cost and conveyed as-is, subject to buyer inspection and inventory. Its Jamaica Avenue frontage offers excellent visibility in a well-established retail corridor with consistent pedestrian and vehicle activity. Ideal for investors, owner-users, restaurant operators, and 1031 exchange buyers seeking a mixed-use asset with in-place residential income and a meaningful lease-up opportunity. The vacant commercial component creates immediate potential to establish a new business, secure a tenant, or reposition the space to match current market demand. Zoned R6A, C2-4. Buyers are encouraged to conduct their own due diligence regarding zoning, use, permits, equipment, expenses, leases, and all building information. A compelling opportunity to acquire a well-located mixed-use property with income today and upside for tomorrow. Serious, qualified buyers are invited to schedule a private showing.

Amenities

  • Accessible Doors
  • Aluminum Frames
  • Business Center
  • Ceiling Fan(s)
  • City
  • Eat-in Kitchen
  • Electricity Available
  • Gas Grill
  • Mailbox
  • Natural Gas Available
  • Near Public Transit
  • Near School
  • Near Shops
  • Other
  • Pantry
  • Park
  • Security System

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Douglas Elliman Real Estate
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