81-38 Baxter Ave - Storefront Retail/Residential FOR SALE


Flushing, NY 11373
$1,999,999 USD
516-509-5476
81-38 Baxter Ave, Flushing, NY for Sale
$1,999,999 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 6.69% Cap Rate

81-38 Baxter Ave
Flushing, NY 11373


HIGHLIGHTS

  • Prime, fully occupied, three-story mixed-used building
  • Ideal 1031 exchange property or investment opportunity with future upside
  • Great, high traffic location at the intersection of Baxter Avenue, Ithaca Street, and 82nd Street, just one long block from Roosevelt Avenue
  • Within walking distance of major retailers Chipotle, Starbucks, Target, Smashburger, Chick-Fil-A, Fay Da Bakery, Paris Baguette, Popeye’s, Kung Fu Tea
  • One block to the 82nd Street/Roosevelt Avenue Train Station - approx. 20 minutes to Manhattan and 15 minutes to Flushing, Main Street

OVERVIEW

Presenting 81-38 Baxter Avenue, a prime mixed-use investment opportunity in Elmhurst, Queens. This fully occupied, three-story building comprises two retail spaces and five residential units, generating a robust Net Operating Income (NOI) of approximately $125,023. Situated at the bustling intersection of Baxter Avenue, Ithaca Street, and 82nd Street, the property benefits from high foot traffic and visibility. It’s located directly across from major retailers such as Target, Chipotle, and Chick-fil-A, enhancing its appeal to both residents and businesses. Additionally, the property offers excellent transit access, being just one block from the 82nd Street/Roosevelt Avenue subway station, providing swift connections to Manhattan and Flushing via the 7, E, F, M, and R lines. This property represents a solid investment with strong cash flow and significant long-term growth potential. Full Offering Materials Attached!

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$496 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed- Use Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7B, C1-3

APN/PARCEL ID

01506-0007

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

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Dominique FlorioSERHANT.More Info
516-509-5476

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