Property profile

84-45 164Th St Jamaica, NY 11432

OFF-MARKET
Retail properties & Spaces
2,800 SF Built 1931
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly renovated 2,800 square foot grocery store located at 84-45 164th Street in Jamaica, Queens, New York. The property, built in 1931 and boasting a two-story structure, is currently vacant and offers significant potential for a new owner. The asking price is $135,000. The building comprises three units, providing ample space for a variety of retail uses. The previous tenant operated a deli for one year, indicating the viability of the location. The property includes a fully equipped kitchen with stoves and refrigerators, as well as seating for customers. A valuable basement provides additional storage space, and a backyard offers further utility. The property is situated in a high-traffic area, promising strong business potential. With a remaining lease term of five years, this presents a compelling opportunity for an investor seeking a strong return in a vibrant Queens neighborhood. The property's zip code is 11432. This is a turnkey operation ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1931
Total area 2,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

84-45 164Th St Jamaica, NY 11432
Jamaica metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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