88-20 Roosevelt Ave - Storefront FOR SALE


Jackson Heights, NY 11372
$2,100,000 USD
917-561-9563
88-20 Roosevelt Ave, Jackson Heights, NY for Sale
$2,100,000 USD
Storefront - FOR SALE
1/19
null | 3.97% Cap Rate

88-20 Roosevelt Ave
Jackson Heights, NY 11372


HIGHLIGHTS

  • High traffic area

OVERVIEW

Prime 3-Unit Commercial Building in Heart of Jackson Heights. Discover an incredible investment opportunity in one of Queens' most vibrant, high-traffic commercial corridors. Located in the heart of Jackson Heights, this versatile three-unit commercial building offers immense upside potential for savvy investors or owner-users. Value-Add Opportunity: Current rental income is below market rate, offering significant future revenue growth as leases turn over or transition to market value. Separate Utilities: Tenants pay their own utilities, keeping landlord operational expenses exceptionally low. Unmatched Location Equity: Situated in a dense, high-foot-traffic retail and business district with excellent transit accessibility. Regional Connectivity: Enjoy close proximity to major New York landmarks and upcoming world-class entertainment hubs, including Citi Field (Mets Stadium), the USTA Billie Jean King National Tennis Center, and the highly anticipated future casino development.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$745 USD /SF

CAP RATE

3.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,410 SF

ZONING

R6, Queens

APN/PARCEL ID

01510-0063

ASK ABOUT THIS PROPERTY

MD HoqueWagner & Kelly Inc.More Info
917-561-9563

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MD HoqueWagner & Kelly Inc.More Info
917-561-9563

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