207-02 Jamaica Ave Queens, NY 11428
- Warehouses
- 1,800 SF
Current Use by Public Records
- Warehouses
Property Details for 207-02 Jamaica Ave
- Year built
- 1924
- Property size
- 1,800 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
This exceptional Queens Village investment opportunity presents a 1,800 square foot, single-story auto shop and warehouse on a substantial 10,044 square foot lot. Currently 100% occupied by a Meineke franchise operating under a month-to-month NNN lease at $7,200 per month ($86,400 annually), the tenant is open to extending this arrangement or signing a new 5-year NNN lease at $9,250 per month ($111,000 annually). The property boasts a prime location on the Jamaica Avenue commercial corridor, within one block of a major bus stop (Q77 and Q110 lines). Built in 1924, the building features three bays and is situated on a 100ft x 106ft lot, offering significant potential for redevelopment or owner-user occupancy. The C8-1 zoning allows for a variety of uses. This property is ideal for investors, developers, or owner-users seeking a strong return in a thriving Queens market with robust and growing commercial rents. The property includes 1,800 square feet of building space and an additional 8,244 square feet of land. This presents a unique opportunity to acquire a well-located asset with immediate income potential and significant upside. The property is zoned C8-1 (Block: 10835 Lot: 0021).
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
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7527
- Latitude
- 40.7139
