Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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