Property profile

23712 Linden Blvd Elmont, NY 11003

OFF-MARKET
Grocery and convenience stores
Property ID
US63-1022036
1,653 SF 0.22 ac lot Built 1964
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 23712 Linden Blvd Unit 1, Elmont, NY, presents a lucrative investment opportunity. The 10,000 square foot corner lot boasts three curb cuts, maximizing accessibility and visibility. The property includes a fully renovated convenience store and a state-of-the-art gas station featuring six pumps. Its strategic location benefits from high traffic volume, fed by major thoroughfares including Southern Parkway, Cross Island Parkway, and Belt Parkway. The property's proximity to key destinations such as JFK Airport, UBS Arena, and Belmont Park Race Track further enhances its appeal and potential for high returns. The 0.23-acre lot provides ample space for operations and potential expansion. This turnkey operation includes the existing convenience store business, offering a seamless transition for the new owner. Under the right circumstances, prospective buyers may acquire the existing inventory at no additional cost. This is a rare opportunity to acquire a well-established, high-performing commercial property in a prime Elmont location. The property is priced at $1,900,000.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,653 SF
Lot 0.22 ac (9,400 SF)
APN 37-453-00-0006
UPID US63-1022036

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Gas Station
  • Car Wash

Location

23712 Linden Blvd Elmont, NY 11003-3917
Elmont metro Census 409800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.29M

Owner & transaction history

since 2024
Last sale
$1.3M
6 recorded transactions
2024
$1.3M
2021
Price N/A
2020
Price N/A
2015
Price N/A
2015
$775,000
2010
Price N/A

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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