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    87-87 Francis Lewis Blvd Jamaica, NY 11427

    For Sale
    $4,280,000

    High-traffic retail and office building with multiple storefronts and offices.

    Lot size:
    0.13 Acres

    Property Features for 87-87 Francis Lewis Blvd

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1991

    Source: AAA Young Shuen Realty Inc Agent Hui Fang Chen

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

    Overview

    Mixed-Use Retail and Office Building

    This mixed-use commercial building features both retail and office spaces. The property includes five storefronts and three offices. A new roof was installed in 2022. The location benefits from high traffic volume, with a vehicle per day count exceeding 28,000.
    Location Intelligence

    Current Use by Public Records

    Pawn & Sell / Hillside Pawn Shop Famous Indian Astrologer ... Psychic Ann-Gorg Realty Corporation Real Estate Agency New Hillside Nails ... Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.764784
    Latitude
    40.72504

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    FAQs

    What type of property is this?
    Strip mall - High-traffic retail and office building with multiple storefronts and offices.
    Where is this strip mall located?
    The property is located at 87-87 Francis Lewis Blvd Jamaica, NY.
    What is the asking price?
    The asking price for this property is $4,280,000.
    What are key features of this property?
    This property features: - High Traffic Location: Benefits from significant visibility with 28,000+ vehicles per day.; - Mixed-Use Building: Features both retail storefronts and office spaces.; - Multiple Units: Includes 5 storefronts and 3 offices, offering diverse income streams.
    (917) 681-7009
    Request Owner's contact information
    87-87 Francis Lewis Blvd Jamaica, NY 11427
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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
    87-87 Francis Lewis Blvd Jamaica, NY 11427
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