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    19617 Jamaica Ave Hollis, NY 11423

    For Sale
    $929,000

    Prime location, high traffic, store & apartments.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional mixed-use property presents a lucrative investment opportunity in the thriving Hollis, NY market. Situated at 19617 Jamaica Avenue, this building benefits from significant foot and vehicle traffic, ensuring high visibility and accessibility for both commercial and residential tenants. The property encompasses a total of 2,156 square feet, distributed equally between commercial and residential space. The ground floor comprises a 1,078 square foot commercial space, currently operating as a retail store, offering immediate income potential. Upstairs, two apartments, each totaling 1,078 square feet, provide additional rental income streams. The property sits on a conveniently sized 0.06-acre lot, providing ample space for potential future expansion or outdoor amenities. Given its prime location, substantial square footage, and existing income-generating components, this mixed-use property is ideally suited for savvy investors seeking a strong return on investment in a dynamic and rapidly developing area. The property's current configuration offers immediate cash flow, while the substantial size presents opportunities for future development and value appreciation. This is a rare opportunity to acquire a well-positioned mixed-use asset in a high-demand area. Don't miss out on this chance to secure a valuable piece of Hollis real estate.

    Property Features for 19617 Jamaica Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1931
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -73.76323
    Latitude
    40.71356

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high traffic, store & apartments.
    Where is this mixed-use property located?
    The property is located at 19617 Jamaica Ave Hollis, NY.
    What is the asking price?
    The asking price for this property is $929,000.
    (646) 529-5240
    Request Owner's contact information
    19617 Jamaica 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
    19617 Jamaica Ave Hollis, NY 11423
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