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    OFF-MARKET
    Investment properties

    24847 Jericho Tpke, Jamaica, NY 11426-1912

    2,680 SF 0.05 ac lot Built 1926
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US63-2761628
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 24847 Jericho Turnpike in Bellerose, New York, presents a compelling investment opportunity. Priced at $1,390,000, this general commercial property offers significant potential for a variety of uses. While the square footage is not currently specified, the property's strategic location on Jericho Turnpike ensures high visibility and accessibility, making it ideal for businesses seeking a strong presence in a bustling area. The property sits on a zero-acre lot, suggesting a compact and potentially easily managed footprint. The address itself is a key asset, situated within a well-established commercial corridor in Bellerose, benefiting from existing infrastructure and a potentially strong customer base. Further due diligence is recommended to determine the precise square footage and to assess the suitability of the property for specific business plans. This property is being offered as-is, and potential buyers are encouraged to conduct thorough inspections and assessments to fully understand the property's condition and potential. The asking price reflects the property's location and potential, making it an attractive proposition for savvy investors seeking a foothold in a thriving commercial market. Serious inquiries are welcome. This is a rare opportunity to acquire a commercial property in a prime Bellerose location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1926
    Total area 2,680 SF
    Lot 0.05 ac (2,000 SF)
    Zoning code R4
    APN 08664-0053
    UPID US63-2761628
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Lemon Tree Enterprise LLC · 8 yrs held
    Lemon Tree Enterprise LLC
    since 2017
    4 recorded transactions
    2017
    $1.0M
    2017
    1998
    $90,000
    1969
    Zoning & alternative use
    R4 · Jamaica, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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