Commercial Sale in Jamaica, Queens, NY 11412 | Web ID: PH477850 | $4,000,000

The subject offering is a 11, 700 sqft lot and a 6, 280-square-foot retail storefront + 4 units property with 12 beds 10 baths, located on linden boulevard right off farmers boulevard, in saint albans queens prime business district area. The property is 100% occupied but can be delivered completely vacant. The building consists of 3, 200 sf of ground-floor retail space with 36 feet of frontage on linden boulevard, and 20 ft ceilings. 5 properties next door have just been approved to be developed that will completely reface the entire block adding increased value to the property and the area and are set to be completed by the end of 2024. The property benefits from heavy foot traffic. Property is generating $26, 100 gross from leases (7% cap), not including business which is operated by the owner and can be sold with the property at a separate price discussion ($1m+ annually gross)! Summary of leases: storefront $16, 000 unit 2a $2500 unit 2b $2500 unit 2c $3100 unit2d $2000