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    OFF-MARKET
    Mixed-use properties

    2508 Broadway, Astoria, NY 11106

    0.11 ac lot Built 1947
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1947
    Lot 0.11 ac (4,792 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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