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    1572-1584 Richmond Rd Staten Island, NY 10304

    For Sale
    $3,500,000

    Seven Units, High Traffic Area

    Property size:
    7,888 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Staten Island retail property, located at 1572-1584 Richmond Road, presents a compelling investment opportunity. The 7,888 square foot building, constructed in 1966, sits on a 12,800 square foot lot and is zoned R3-1. It comprises seven retail spaces, six of which are currently occupied, offering immediate cash flow. An additional, vacant building at the rear provides further potential for development or expansion. The property benefits from under-market rents, presenting a significant opportunity for value enhancement through lease renegotiations. Full-height basements, currently unused, offer substantial additional space for various uses. Its prime location at the intersection of Richmond Road, Four Corners Road, and Seaview Avenue ensures high visibility and accessibility. The property enjoys significant pedestrian and vehicular traffic, enhanced by its proximity to multiple bus stops and the Staten Island Train. Surrounded by established businesses including Santander Bank, Max's Esca, M&T Bank, and Baci Restaurant, this property is ideally positioned for continued success. This owner-user investment opportunity is priced at $3,500,000. The one-story building offers a strong foundation for long-term growth and profitability in a thriving retail environment.

    Property Features for 1572-1584 Richmond Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,888 SF

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    1
    Units
    7

    HighLights

    • $3,500,000 asking price for a Staten Island retail storefront.
    • 7,888 square feet on a 12,800 square foot lot.
    • Seven retail units in a single, one‑story, 1966‑built building.
    • Located at 1572‑1584 Richmond Rd, Staten Island, NY 10304, at a high‑traffic intersection.
    • Owner/user investment opportunity with potential for rent increases and basement utilization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1005986
    Latitude
    40.5911247

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    FAQs

    What type of property is this?
    Individual retail property - Seven Units, High Traffic Area
    Where is this individual retail property located?
    The property is located at 1572-1584 Richmond Rd Staten Island, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price for a Staten Island retail storefront.; 7,888 square feet on a 12,800 square foot lot.; Seven retail units in a single, one-story, 1966-built building.
    Request Owner's contact information
    1572-1584 Richmond Rd Staten Island, NY 10304
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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
    1572-1584 Richmond Rd Staten Island, NY 10304
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