226-61 129Th Ave Springfield Gardens, NY 11413
This exceptional investment opportunity presents a 1945-built retail property located at 226-61 129th Avenue, Springfield Gardens, Queens County, New York, 11413. The property is situated on a 0.12-acre lot (5,227 square feet) and includes one parking space. The asking price is $689,000. While currently configured as a four-bedroom Cape style home, its zoning and location make it ideal for redevelopment or repurposing as a retail space. The property's convenient location offers easy access to major roadways, including the Belt Parkway, Cross Island Parkway, Southern State Parkway, and Springfield Boulevard, ensuring high visibility and accessibility for potential customers. The building requires some renovations and presents a unique chance for an investor to capitalize on the prime location and create a thriving retail business. The property's existing structure provides a solid foundation for a variety of retail ventures, and its proximity to transportation routes makes it an attractive proposition for both businesses and customers. This is a rare chance to acquire a retail property in a desirable Queens location at an attractive price point. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.