125-15 111Th Ave South Ozone Park, NY 11420
- Mixed-use properties
- 2,000 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 125-15 111Th Ave
- Property size
- 2,000 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 125-15 111th Avenue, South Ozone Park, NY 11420, is offered at $918,000. The 2,000 square foot building (20x62) presents a compelling investment opportunity. The ground floor encompasses a sizable commercial space, featuring a large open area, a private office, and a bathroom. A full, unfinished basement and backyard provide ample storage or expansion potential. Upstairs, two 2-bedroom residential apartments offer significant rental income potential, though renovations are needed. These apartments present a chance for customization and increased value. Annual property taxes are only $7,156. Conveniently located near the A train, Rockaway Boulevard's shops and businesses, and major roadways like the Van Wyck Expressway and Belt Parkway, this property enjoys excellent accessibility. With strategic renovations, this property promises substantial returns in a vibrant, growing neighborhood. This is a rare opportunity to acquire a mixed-use asset with significant upside.
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
- South Ozone Park
- County
- 36081
- State
- New York
- Longitude
- -73.8125
- Latitude
- 40.6764
