132-04 Jamaica Avenue Richmond Hill NY, 11418
$1,350,000
ML# 3575684
Property Picture

Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z. Large scale new developments surround this ideal site. Some of the prestigious neighboring business include:Jamacia Hospital Medical Center, Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin’ Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS...This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear. The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential! See setup attached for financial information.

    Michael J. Watts
    Michael J Watts & Assoc Inc 631-650-9933 info@wattslongislandhomes.com