139-20 109th Ave - Warehouse FOR SALE


Jamaica, NY 11435
$2,900,000 USD
772-985-2577
139-20 109th Ave, Jamaica, NY for Sale
$2,900,000 USD
Warehouse - FOR SALE
1/25
null | 6.07% Cap Rate

139-20 109th Ave
Jamaica, NY 11435


HIGHLIGHTS

  • Diverse rental spaces
  • Modern updates
  • Enviable location

OVERVIEW

Nestled in a bustling neighborhood, this mixed-use property presents a compelling opportunity. The second floor features a meticulously upgraded apartment with high-quality finishes, fixtures, and modern appliances, offering a comfortable urban living space. On the first floor, you'll discover a trio of distinct tenants and uses. The first unit houses a broadcaster, the second is dedicated to sign and window manufacturing, and the third operates as an independently run commissary and food preparation facility. This third space is exclusively dedicated to serving the property's largest tenant, Jamaican Jerk, providing food preparation for its food trucks and stations across the city. Beyond the building, the property encompasses a yard and two additional lots, currently leased for storage by a catering company. This versatile use of space opens doors to additional income streams. What truly sets this property apart is the independently operated commissary and food preparation facility, fully equipped to meet the requirements of a local catering business. This facility adds an extra layer of versatility, making the property an even more attractive investment. The property operates on a modified gross basis, with tenants contributing to real estate taxes and covering all building utilities, offering a sustainable financial arrangement. Positioned at the corner of 109th Avenue and 141st Street, the property benefits from excellent visibility and access. Its professionally finished exterior with smooth exterior stucco adds a touch of sophistication to its overall appearance. Contact Alex Adorno at 772-985-2577 to Schedule an Inspection and discuss potential lending options, including Seller financing.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$580 USD /SF

CAP RATE

6.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

139 20 109th Avenue

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21

LAND SF

9,148

ZONING

R3A

APN/PARCEL ID

10069-0125

ASK ABOUT THIS PROPERTY

Alex AdornoThe Verus GroupMore Info
772-985-2577

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Alex AdornoThe Verus GroupMore Info
772-985-2577

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