1547 Arthur Kill Rd Staten Island, NY 10312

Property Details for 1547 Arthur Kill Rd

Year built

1981

Property size

17,360 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 17,360 square foot shopping center, located at 1547 Arthur Kill Road on Staten Island, New York, presents a compelling investment opportunity. Built in 1981, the property sits on a substantial 97,851 square foot M1-1 zoned lot, offering significant potential for expansion. Currently housing ten storefronts with a diverse mix of food and beverage, service, and office tenants, the center boasts ample parking with 23 spaces, exceeding zoning requirements. The asking price is $7,300,000, translating to $420.51 per square foot. The property's prime location on a busy section of Arthur Kill Road ensures high visibility and foot traffic. A significant advantage lies in the approximately eighty thousand square feet of unused floor area, presenting substantial opportunities for future development and increased revenue generation. This property offers a rare combination of established income and significant upside potential in a desirable Staten Island location. The existing parking lot comfortably accommodates over 80 vehicles. The property's zoning and substantial land area provide a strong foundation for long-term growth and profitability. This is a unique chance to acquire a well-positioned retail center with considerable expansion possibilities.