Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 79-51 Myrtle Ave
- Year built
- 1931
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Glendale, Queens, presents a compelling investment opportunity. The building, constructed in 1931, boasts 3,672 square feet of net rentable space across two stories, situated on a 3,431 square foot lot (approximately 34 x 100.92 feet). The property features two street-level commercial spaces – one approximately 17 x 54 feet and the other 17 x 78 feet – ideal for a variety of businesses. Above the commercial spaces are two two-bedroom apartments, providing additional income streams. The building also includes two garages. The property benefits from a high volume of foot traffic due to its central location within Glendale's commercial district, close proximity to shops, restaurants, and a park, and convenient access to public transportation (Q29 bus and Jackie Robinson Parkway exit 4). The building has four electric meters and four gas meters. The high ceilings in the basement offer additional storage or potential for expansion. The property is zoned C1-3, offering flexibility for various commercial uses. The asking price is $1,500,000, representing a price per square foot of $408.50. This is a rare opportunity to acquire a well-located, multi-faceted property with significant income potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8686
- Latitude
- 40.7029
