Current Use by Public Records
- Retail properties & Spaces
Property Details for 1572-1584 Richmond Rd
- Year built
- 1966
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional Staten Island retail property, located at 1572-1584 Richmond Road, presents a compelling investment opportunity. The 7,888 square foot building, constructed in 1966, sits on a 12,800 square foot lot and is zoned R3-1. It comprises seven retail spaces, six of which are currently occupied, offering immediate cash flow. An additional, vacant building at the rear provides further potential for development or expansion. The property benefits from under-market rents, presenting a significant opportunity for value enhancement through lease renegotiations. Full-height basements, currently unused, offer substantial additional space for various uses. Its prime location at the intersection of Richmond Road, Four Corners Road, and Seaview Avenue ensures high visibility and accessibility. The property enjoys significant pedestrian and vehicular traffic, enhanced by its proximity to multiple bus stops and the Staten Island Train. Surrounded by established businesses including Santander Bank, Max's Esca, M&T Bank, and Baci Restaurant, this property is ideally positioned for continued success. This owner-user investment opportunity is priced at $3,500,000. The one-story building offers a strong foundation for long-term growth and profitability in a thriving retail environment.
Value Estimations
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AI approach
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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
- -74.1006
- Latitude
- 40.5911
