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Long-Established Drug Store Building
For Sale
Contact for pricing
Pending

57-11/13 Myrtle Avenue, Ridgewood, NY 11385

Retail building with national-tenant history near subway service and established commercial neighbors.

Property SizeContact for details
Days on Market143

Property Features for 57-11/13 Myrtle Avenue

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Sholom & Zuckerbrot Realty LLC
Listed By: Robert Elbaz · License #NY
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sholom & Zuckerbrot Realty LLC

Investment Insights

Based on property information with market context.

This retail building at 57-11/13 Myrtle Avenue has remained in the same family for more than 100 years. National tenants have occupied the property for the past six decades, and the existing Walgreens lease is identified as dark with an expiration date of January 31, 2023.

The property occupies a Myrtle Avenue position between Seneca Avenue and Onderdonk Avenue in Ridgewood, New York. Wyckoff Avenue Subway Station is three short blocks away and records over 2.8 million annual riders. Myrtle Avenue traffic is reported at more than 13,000 vehicles per day, providing substantial exposure to passing motorists.

Key Highlights

  • Retail building held by the same family for over 100 years
  • National tenants have occupied the property for the last six decades
  • Existing Walgreens lease is identified as dark and expires January 31, 2023

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,438
Businesses Nearby
301k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 43% Shops & Services 27% Dining 25% Electronics 3%
Food Bazaar Supermarket Groceries
76,560 visits/mo 0.2 miles
Food Bazaar Supermarket Groceries
51,452 visits/mo 0.1 miles
White Castle Dining
24,528 visits/mo 0.2 miles
Dunkin' Donuts Dining
23,384 visits/mo 0.2 miles
BP Shops & Services
22,327 visits/mo 0.3 miles

Demographics for 11385, NY

100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Walgreens Pharmacy 1366 Broadway, Brooklyn, NY 11221
  • Jonathan Tang 1366 Broadway, Brooklyn, NY 112213615
  • Cheng Wan Lin 1366 Broadway, Brooklyn, NY 11221
  • Skin Beverage Oil 1369 Broadway suite 211133, Brooklyn, NY 11221
  • Sams Drugs 1367 Broadway, Brooklyn, NY 11221

Frequently Asked Questions

What type of property is this?
Drug store - Retail building with national-tenant history near subway service and established commercial neighbors.
Where is this drug store located?
The property is located at 57-11/13 Myrtle Avenue Ridgewood, NY.
What are key features of this property?
This property features: Retail building held by the same family for over 100 years; National tenants have occupied the property for the last six decades; Existing Walgreens lease is identified as dark and expires January 31, 2023
More about this property
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