1572-1584 Richmond Rd - Storefront FOR SALE


Staten Island, NY 10304- South Beach-Old Town
$2,999,999 USD
718-866-8683
1572-1584 Richmond Rd, Staten Island, NY for Sale
$2,999,999 USD
Storefront - FOR SALE
1/18
null | 4.76% Cap Rate

1572-1584 Richmond Rd
Staten Island, NY 10304
South Beach-Old Town


HIGHLIGHTS

  • Huge Rental Upside
  • Corner Location at Prominent Signalized Intersection
  • High Traffic Area
  • Additional Building in Back
  • Newly Signed NNN lease on corner space
  • *** PRICE DROP FROM $3.5M to $3M***

OVERVIEW

PreReal Real Estate is pleased to present 1572–1584 Richmond Road, a premier corner commercial investment property positioned at the intersection of Richmond Road and Seaview Avenue—one of Staten Island’s most visible and active corridors. The property consists of seven retail spaces, including six fully occupied storefronts and an additional rear building ready for immediate occupancy. Notably, ownership has just secured a new long-term NNN lease, reinforcing the property’s income stability and underscoring the strong tenant demand for this location. This recent signing demonstrates the property’s leasing strength and highlights the potential for future tenants to benefit from similar NNN lease structures—providing predictable income and minimal landlord responsibility. With under-market rents across existing spaces and full-height basements not yet being utilized, there is substantial room for repositioning and value creation. Investors have the opportunity to unlock upside through strategic rent adjustments, improved space utilization, or targeted capital enhancements. Located at the signalized corner of Richmond Road, Seaview Avenue, and Four Corners Road, the property benefits from heavy vehicular and pedestrian traffic. It sits directly in front of multiple bus stops and is just a short distance from the Staten Island Railway, ensuring strong accessibility and visibility. The surrounding trade area features a mix of national and established local operators, including Santander Bank, M&T Bank, Max’s Esca, and Baci Restaurant, further cementing this location as a high-performing retail destination within the Staten Island market.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$380 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Retail Strip Center + Additional Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,930 SF

ZONING

C1-1 / R3-1

APN/PARCEL ID

03305-0001

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.