1388 Richmond Ter - Freestanding FOR SALE


Staten Island, NY 10310- Randall Manor
$2,995,000 USD
718-866-8683
1388 Richmond Ter, Staten Island, NY for Sale
$2,995,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

1388 Richmond Ter
Staten Island, NY 10310
Randall Manor


HIGHLIGHTS

  • Multi-Building Commercial Asset on 0.61 Acres
  • Stabilized Income with Major Rent Upside
  • Zoning Flexibility – C2-2 Overlay
  • Attractive Physical Layout
  • Light-industrial / commercial flexibility with rare Certificate of Occupancy

OVERVIEW

Introducing a rare North Shore commercial opportunity offering massive rental upside, diverse tenancy, and a flexible configuration suitable for both investors and owner-users. The property totals approximately 16,000 SF across four buildings, all currently occupied, with rents sitting significantly below market. Investors can enjoy stable in-place cash flow with substantial room for future rent growth, while owner-users can capitalize on the ability to occupy all or a portion of the site while benefiting from existing income. Property Overview The site is configured as four distinct commercial spaces: 5,000 SF Retail/Community Facility on Richmond Terrace High ceilings, excellent visibility, and prominent frontage. Currently home to a Community Center. 6,880 SF Music/Guitar Center A long-standing tenant with a deep history at the property. Two Separate Flex/Industrial Buildings Adjacent to the Parking Lot Both occupied by an established autobody operator with strong demand for this use in the area. Current rents across all units are well below market, creating immediate value-add potential for repositioning, restructuring leases, or bringing rents to market upon turnover. Location Summary The property sits on Staten Island’s rapidly developing North Shore, a corridor known for: Steady industrial and commercial demand Proximity to the Bayonne Bridge and Goethals Bridge Quick connectivity to the Verrazzano-Narrows Bridge and Brooklyn Access to major transportation routes, container terminals, and distribution hubs This location continues to outperform due to limited supply, long-standing user demand, and the ongoing revitalization across the North Shore waterfront.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value-Add | Multi-Tenant | Below-Market Rent

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C2-2

APN/PARCEL ID

00157-0001

ASK ABOUT THIS PROPERTY

Robert NixonPreRealMore Info
718-866-8683

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Robert NixonPreRealMore Info
718-866-8683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.