2508 Broadway Astoria, NY 11106
- Mixed-use properties
- 0.11 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 2508 Broadway
- Year built
- 1947
- Lot size
- 0.11 lot acres
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a mixed-use property ideally situated on Broadway in Astoria, New York. The property encompasses four distinct commercial storefronts, perfectly positioned to capitalize on the high foot traffic and vibrant commercial activity of this bustling neighborhood. The building sits on a sizable 0.11-acre lot, offering significant potential for future development or expansion. While the exact square footage is currently unavailable, the four-store configuration suggests substantial rentable space. The asking price for this strategically located commercial property is $6,500,000, representing a compelling investment in a thriving Astoria commercial corridor. This property is an excellent choice for investors seeking a strong return on investment in a prime location with high growth potential. The existing commercial tenants provide immediate cash flow, while the property's size and location offer significant long-term upside. This is a rare opportunity to acquire a well-established commercial property in a highly sought-after area of Queens, New York. Serious inquiries are encouraged to explore this lucrative investment prospect further. The property's prime location on Broadway ensures high visibility and accessibility, making it an attractive proposition for a diverse range of businesses. The robust commercial activity in the surrounding area further enhances the property's value and potential for future growth.
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
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.9282
- Latitude
- 40.7632
