155 Port Richmond Ave Staten Island, NY 10302
- Retail properties
- 4,000 SF
Current Use by Public Records
- Rosemarie Bakery shoppe / Bakery
Property Details for 155 Port Richmond Ave
- Year built
- 1945
- Property size
- 4,000 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a rare chance to acquire a thriving wholesale bakery business and two prime commercial properties in Staten Island's Elm Park neighborhood. The package includes a 4,000 square foot, single-story building constructed in 1945, situated on a 4,002 square foot lot (37ft x 107ft). The property boasts a C4-2 zoning designation, offering flexibility for various commercial uses or potential residential redevelopment under R-6 zoning. The existing bakery, a community staple for 40 years, generates a Pro-Forma NOI of $780,000, representing a 39% Pro-Forma Cap Rate. The building is priced at $530 per square foot. Annual property taxes are $14,547. The location benefits from excellent transportation options, including the Staten Island Railway and numerous bus routes, providing easy access to the Goethals Bridge and New Jersey. This turnkey operation offers a unique blend of established business and significant real estate potential, making it an ideal investment for discerning buyers. The unused FAR is 9,605 square feet. This is a truly unique opportunity to acquire a well-established business and valuable real estate in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.1337
- Latitude
- 40.6373
