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Mixed-Use Building with Laundromat
For Sale
$1,990,000

8848 Myrtle Avenue, Glendale, NY 11385

Mixed-use building combining a ground-floor laundromat with an upstairs apartment.

Property Size2,266 SF
Days on Market210

Property Features for 8848 Myrtle Avenue

General Information

Standard status Active
Size 2,266 SF
Total Parking Spaces 4
Property subtype Commercial
Zoning R4-1

Units

Unit Mix 1 x 3BR/2BA
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $6,275

Building Details

Building Size 2,266 SF
Year Built 1938
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Building 1 Property Mgmt Corp
Listed By: William Li CBR
Source: Alexandermadisonhomes
Added: Jan 31 Changed: Aug 28 Last Checked: Aug 28 at 9:09PM

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 Building 1 Property Mgmt Corp

Investment Insights

Based on property information with market context.

This mixed-use property includes a laundromat at street level and a residential apartment on the floor above. The apartment has 3 bedrooms and 2 bathrooms, providing a defined residential component within the building. Four garage spaces are also included.

Located at 8848 Myrtle Avenue in Glendale, NY 11385, the property combines commercial and residential uses in one building. The existing layout supports separate commercial, residential, and garage functions without introducing additional use assumptions.

Key Highlights

  • Ground‑floor laundromat component
  • Second‑floor apartment with 3 bedrooms and 2 bathrooms
  • Four garage spaces included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop Auto Parts Store Nursing Home

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

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,340
Businesses Nearby
183k
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 45% Groceries 25% Shops & Services 17% Dining 12%
The Home Depot Home Improvements & Furnishings
82,619 visits/mo 0.4 miles
Stop & Shop Groceries
45,965 visits/mo 0.4 miles
Shell Shops & Services
25,168 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
22,694 visits/mo 0.0 miles
BP Shops & Services
5,910 visits/mo 0.0 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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building combining a ground-floor laundromat with an upstairs apartment.
Where is this mixed-use property located?
The property is located at 8848 Myrtle Avenue Glendale, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Ground‑floor laundromat component; Second‑floor apartment with 3 bedrooms and 2 bathrooms; Four garage spaces included
More about this property
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