90-20 Corona Ave Elmhurst, NY 11373
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 90-20 Corona Ave
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Elmhurst investment opportunity presents a fully occupied, mixed-use building spanning two lots at 90-02 - 90-20 Corona Avenue, zip code 11373. The property boasts a total of 4,905 square feet, encompassing five retail units (including a grocery store and restaurant) and two residential apartments. Currently generating a substantial net annual income of $138,242, this property is offered at an asking price of $3,900,000, representing a compelling 3.54% cap rate. The building benefits from a long history of stable tenancy, with multi-year leases in place and no vacancies reported in the past 15 years. This presents a low-risk, high-return investment opportunity. The property is zoned C2-3 and R-6B, allowing for a variety of potential uses. The building's strong performance and consistent income stream make it an ideal addition to any investment portfolio. This is an owner/user opportunity. The property is located in New York, NY. Serious inquiries only.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.8749
- Latitude
- 40.7415
