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Property profile & analytics

1116 Targee St Staten Island, NY 10304

  • Retail properties
  • 14,000 SF
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Bifulco’s Pickle Works / Wholesale Grocer / Restaurant Supply Store

Property Details for 1116 Targee St

Property size
14,000 SF
Property type
Retail properties
Property subtype
Retail space

Description

This exceptional Staten Island commercial property, located at 1116-1120 Targee St and 20 Columbus Avenue, presents a unique investment opportunity. The 14,000 square foot space is comprised of three buildings, each single-story, totaling three units. The property boasts a versatile layout ideal for various uses, including retail, warehouse, and office space. Specifically, the space includes 3,160 square feet of retail space, 8,300 square feet of warehouse space, and 2,000 square feet of office space. A significant advantage is the inclusion of a 960 square foot drive-in freezer, complemented by two sets of overhead doors, enhancing logistical efficiency. The property is offered at $3,895,000 and includes all existing fixtures, such as forklifts and refrigeration units. This established location, minutes from the Verrazzano Bridge, offers unparalleled access to major transportation routes, making it an attractive proposition for businesses seeking a strategic foothold in a thriving market. The property is available for occupancy on July 1, 2024. This is a rare opportunity to acquire a well-established commercial property with significant potential for growth and expansion. The property's history as a successful food and paper supply wholesaler for nearly a century speaks to its enduring appeal and strong location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Staten Island
County
Richmond
State
New York
Longitude
-74.0917
Latitude
40.6007
More about this property
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