626 Midland AveStaten Island, NY 10306

Property Details for 626 Midland Ave

Year built

2001

Lot size

0.07 AC

Property size (Sq ft)

2,890 SF

Zone code

R3-2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03816-0025

APU

38160025

Description

This exceptional retail opportunity is located at 626 Midland Ave, Staten Island, NY 10306, in the vibrant Midland Beach submarket. The property boasts a total of 2,890 square feet, with 1,275 square feet currently vacant and available for lease. The building, constructed in 2001, is a single-story structure with a second story, encompassing a total of two stories. The property sits on a sizable 7-acre lot and offers convenient access to public transportation. The zoning is C1-1, allowing for a variety of retail uses. The building features 220-volt power, but lacks elevators. There are only two parking spaces available on the property. The vacant space is part of a single-tenant building and is contiguous with 624 Midland Ave. While the basement offers additional unfinished space suitable only for storage, the main retail area presents a prime opportunity for a business seeking high visibility in a busy commercial area of Staten Island. This property is situated in Richmond County and is easily accessible from Patterson Ave. The property's location in the heart of Midland Beach ensures high foot traffic and excellent exposure to potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $592,476

  6.5%

  $546,901

  7%

  $507,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,292

  Geo Method

  $585,292

• Alternative Use

  Use

  Valuation

  Residential

  $546,901

  Hospitality

  $500,958

  Educational

  $416,792

  Medical

  $431,126

  Retail

  $648,342

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5712

Longitude

-74.0916

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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