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    177-07 Jamaica Ave Jamaica, NY 11432

    For Sale
    $1,400,000

    Mixed-use property with retail, residential, and expansion potential.

    Lot size:
    0.05 Acres

    Property Features for 177-07 Jamaica Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1910

    Source: Hayliam Realty LLC Agent Dinesh Prasad

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

    Overview

    Mixed-Use Corner Property on Jamaica

    This mixed-use corner property features a first floor currently operating as a grocery store and a second-floor three-bedroom apartment. The commercial space is approximately 1,600 square feet, while the residential unit offers 1,260 square feet of living space. A two-car garage is included. Situated on Jamaica Avenue, the property benefits from high car and foot traffic. There is potential to build an additional 4,048 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.866838
    Latitude
    40.691638

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, residential, and expansion potential.
    Where is this mixed-use property located?
    The property is located at 177-07 Jamaica Ave Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - High-traffic Jamaica Avenue location ideal for business exposure; - Mixed-use property with existing grocery store and 3-bedroom apartment; - Potential to build an additional 4,048 sq ft
    (646) 529-5240
    Request Owner's contact information
    177-07 Jamaica Ave Jamaica, NY 11432
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    Jamaica, NY 11432
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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
    177-07 Jamaica Ave Jamaica, NY 11432
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