For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

248-51 Jericho Tpke Jamaica, NY 11426

Loading data...
Loading data...
Loading data...
For Sale
$1,390,000

Mixed-use property with retail and residential income potential.

We can help!

Listing Contact
Gaurav Kerney
Source: Elliman

Listing Agent: Gaurav Kerney

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

Learn more


Overview

Jericho Turnpike Mixed-Use Property

This mixed-use property on Jericho Turnpike features multiple income streams and strong visibility. The ground floor includes commercial space with a tenant secured by a lease with 2 years remaining and 5% annual rent increases. Above the retail space are two residential units. One unit features 2 bedrooms and 1 bathroom, while the other has 1 bedroom and 1 bathroom and has been recently renovated with a new kitchen and bathroom. Both residential units are currently rented on a month-to-month basis. Additional income is generated from signage rental. The basement is currently vacant. The property is in well-kept Condition B with no major deferred maintenance reported. A concrete, fenced-in backyard provides private outdoor space. The property is located along an established commercial corridor close to transportation, shopping, schools, and community amenities.
Location Intelligence

Current Use by Public Records

Global Signs Sign Shop Alpha Blades Barbershop Barber Shop

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Jamaica
County
Queens
State
New York
Longitude
-73.717997
Latitude
40.726406

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with retail and residential income potential.
Where is this mixed-use property located?
The property is located at 248-51 Jericho Tpke Jamaica, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: - Multiple income streams from commercial tenant, residential units, and signage.; - Ground-floor commercial tenant with 2 years remaining on lease and **5% annual rent increases.**; - Two residential units offering flexibility and value-add potential.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message