8708 Justice Ave Elmhurst, NY 11373
- Retail space
- 460 SF
Current Use by Public Records
- Yassaman Gidfar, MA / Psychologist
- Excellence in Dental Health / Dentist
- Stat Medical Laboratories / Medical Laboratory
- Childs Center of New York / Social Services Organization
- Huang Eric DDS / Dentist
Property Details for 8708 Justice Ave
- Year built
- 1986
- Property size
- 460 SF
- Zone code
- R6
- Property type
- Retail space
- APN
- 01842-1006
- APU
- 18421006
Description
This exceptional mixed-use property, located at 8708 Justice Ave Unit C6+C7 in Elmhurst, NY, offers a combined 980 square feet of versatile space, ideally suited for a variety of professional office uses. The property consists of two contiguous units (C6 and C7), each approximately 490 square feet, providing ample room for expansion or separation of functions. Its prime Elmhurst location offers excellent accessibility, situated near the M/R train station and numerous bus stops, ensuring convenient commuting for employees and clients. The surrounding area is a blend of residential and commercial zones, with the nearby Broadway and Queens Boulevard commercial district providing additional foot traffic and business opportunities. The property's suitability extends to a wide range of professional services, including but not limited to medical practices (such as physical therapy, acupuncture, or counseling), educational services (after-school programs or tutoring), and other professional offices (accountants, architects, lawyers, etc.). The property's adaptability also allows for retail or wholesale operations focused on health and wellness products or services. This presents a unique investment opportunity in a thriving and well-connected neighborhood. The asking price for this combined unit is $550,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $145,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $135,000
- Retail
- $145,000
- Mixed-Use
- $145,000
- Hospitality
- $160,000
- Educational
- $165,000
- Residential Income
- $130,000
- Energy
- $160,000
- Income-Based Land
- $125,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.8764
- Latitude
- 40.7372
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
