114-15 Jamaica Ave - Storefront Retail/Residential FOR SALE


Jamaica, NY 11418
$1,550,000 USD
917-518-5118
114-15 Jamaica Ave, Jamaica, NY for Sale
$1,550,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 12% Cap Rate

114-15 Jamaica Ave
Jamaica, NY 11418


HIGHLIGHTS

  • Fully turnkey laundromat
  • Extremely high cash flow

OVERVIEW

Remax City Square And Oxford Property Group Has Been Retained To Exclusively Represent 114-15 Jamaica Avenue - A 2 Residential Unit And 1 Commercial Unit Mixed Use Building Priced Significantly Well. Located On A Prime Block That Is In The Center Of Richmond Hill, 114-15 Jamaica Avenue grants the owner the ability to own this fantastic location that has demonstrated tremendous appreciation over the last decade. Priced At Only $1,550,000.00, 114-15 Jamaica Avenue - is built three stories high and spans over 5,493 square feet with four apartments per residential floor . With a 20FT x l00FT lot size, this building has an extremely large plot size unlike other buildings in this price range. Building also comes with an extremely high cash flowing well established laundromat business that brings a net income of over $157,000.00 per year! Current Ownership Has Maintained The Common Areas In Great Condition.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,256 SF

ZONING

R3-1 Queens S2

APN/PARCEL ID

09228-0021

ASK ABOUT THIS PROPERTY

Dan WhiteREMID GroupMore Info
917-518-5118

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Dan WhiteREMID GroupMore Info
917-518-5118

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