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    8401 Roosevelt Ave Jackson Heights, NY 11372

    For Sale
    $28,000,000

    Fully occupied commercial building in high-traffic area with development potential.

    Property size:
    19,000 SF
    Lot size:
    0.47 Acres

    Property Features for 8401 Roosevelt Ave

    General Information

    Size
    19,000 SF
    Lot size
    0.47 Acres

    Source: Chase Global Realty Corp Agent Sam Zheng

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Roosevelt Avenue Commercial Investment Opportunity

    Located on Roosevelt Avenue in a high-traffic area, this commercial building presents an investment opportunity with development rights. The lot measures 200 feet by 100 feet and is zoned R6, C1-3. The property features 10 commercial units, all of which are currently occupied. The building size is 200 feet by 95 feet. The property's total size is 19,000 square feet. The location is near retail stores, restaurants, and NYC Health + Hospitals/Elmhurst. It is situated two blocks from the 82nd Street/Roosevelt Avenue subway station, providing access to the 7 train.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    عزمي طارق العباسي, SAP 9303, Omnilife Team Digital, Meghna Travels, Abstrakjsnc

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.88164
    Latitude
    40.748129

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    FAQs

    What type of property is this?
    Shopping center - Fully occupied commercial building in high-traffic area with development potential.
    Where is this shopping center located?
    The property is located at 8401 Roosevelt Ave Jackson Heights, NY.
    What is the asking price?
    The asking price for this property is $28,000,000.
    What are key features of this property?
    This property features: - High traffic location on Roosevelt Ave.; - Excellent investment property with development rights.; - Fully occupied with 10 commercial units and cash-flowing.
    (917) 662-1576
    Request Owner's contact information
    8401 Roosevelt Ave Jackson Heights, NY 11372
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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
    8401 Roosevelt Ave Jackson Heights, NY 11372
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