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    19001 Hollis Ave Hollis, NY 11423

    For Sale
    $2,499,000

    Fully renovated, high-yield investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 19001 Hollis Avenue in Hollis, New York, presents a compelling investment opportunity. The building has undergone a complete renovation, ensuring modern functionality and aesthetics. Priced at $2,499,000, this property offers a strong 7% capitalization rate, promising a substantial return on investment. While the exact square footage isn't specified, the property's complete renovation makes it immediately ready for occupancy. The property is classified as General Commercial, providing flexibility for a variety of business uses. Situated on a lot with zero acres, the property's size is ideal for a range of commercial ventures. The location in Hollis, NY offers access to a thriving local market and convenient transportation links. This is a rare opportunity to acquire a fully renovated, high-performing commercial property in a desirable location, offering immediate income potential and long-term growth prospects. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Financial details and further property specifics are available upon request.

    Property Features for 19001 Hollis Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1923
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollis
    County
    Queens
    State
    New York
    Longitude
    -73.76758
    Latitude
    40.70961

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    FAQs

    What type of property is this?
    Commercial real estate - Fully renovated, high-yield investment.
    Where is this commercial real estate located?
    The property is located at 19001 Hollis Ave Hollis, NY.
    What is the asking price?
    The asking price for this property is $2,499,000.
    (718) 658-6700
    Request Owner's contact information
    19001 Hollis Ave Hollis, NY 11423
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    Hollis, NY 11423
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19001 Hollis Ave Hollis, NY 11423
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