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    1615 Palmetto St Ridgewood, NY 11385

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    For Sale
    $389,000

    591 SF ground-floor retail space in thriving commercial corridor.

    Property size:
    591 SF
    Lot size:
    0.02 Acres

    Property Features for 1615 Palmetto St

    General Information

    Size
    591 SF
    Lot size
    0.02 Acres

    Source: Knickerbocker Realty Group Agent Jacques Wadler

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

    Overview

    High-Traffic Retail Space Available

    This 591-square-foot ground-floor retail space benefits from high visibility and consistent pedestrian traffic. Its location along a bus route and walkable block, surrounded by prominent national retailers, contributes to its appeal. The property is suitable for either an owner-user or an investor seeking a location with strong foot traffic within a thriving commercial area.
    Insight Report Location Intelligence

    Current Use by Public Records

    Joel's Bakery Bakery

    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
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.910786
    Latitude
    40.699931

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    FAQs

    What type of property is this?
    Retail space - 591 SF ground-floor retail space in thriving commercial corridor.
    Where is this retail space located?
    The property is located at 1615 Palmetto St Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - High visibility location on a bus route; - Constant pedestrian activity; - Surrounded by top national retailers
    (516) 650-1123
    Request Owner's contact information
    1615 Palmetto St Ridgewood, NY 11385
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    Ridgewood, NY 11385
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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
    1615 Palmetto St Ridgewood, NY 11385
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