195-01 Jamaica Ave Queens, NY 11423
- Retail properties
- 10,668 SF
Current Use by Public Records
- Retail properties
Property Details for 195-01 Jamaica Ave
- Property size
- 10,668 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional multi-tenant storefront property, located at 195-01 Jamaica Avenue in Queens, New York, presents a compelling investment opportunity. The 10,668 square foot building sits on a 10,668 square foot lot and is currently occupied by three tenants. The property boasts a highly desirable R5 zoning with a C2-2 overlay, offering significant potential for future development or expansion. The single-story structure is ideally situated in a prime location within Queens, presenting strong potential for increased rental income and appreciation. The current asking price is $4,800,000, and the property is eligible for a 1031 exchange. The versatile zoning allows for a variety of uses, and the existing structure provides a solid foundation for immediate income generation. The substantial lot size suggests the possibility of constructing additional commercial space above the existing ground floor, further enhancing the property's value and potential return on investment. This is a rare opportunity to acquire a well-located, multi-tenant retail property with significant upside potential in a thriving Queens neighborhood. The property's zip code is 11423.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7659
- Latitude
- 40.7135
