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12902 Guy R Brewer Blvd

1,486 SF Retail Building Jamaica, NY 11434 $750,000 ($505/SF) 7% Cap Rate

Investment Highlights

  • High Exposure
  • Stable 30+ years business, Excellent Reputation
  • Limited Competition
  • High traffic
  • Commercial Hub
  • Diversification

Executive Summary

This free standing commercial property features a spacious interior with 19 feet high ceiling, ideal for the 30+ years dry cleaning business. It’s also a great location for other retail and service businesses. Additionally, it includes five front parking spaces and 2 more side-yard parking spaces, ensuring convenience for both customers and staff. Interior is 1486 sqft and the lot size is about 3000sqft. Location Highlights: Situated next to a busy shopping center, the property benefits from constant foot traffic and proximity to a high-density commercial area.
The dry cleaner business is also for sale, asking $150,000. Buyers have the option to acquire the business and building together. The well-established dry cleaning business has Few competitors in the area and it comes fully equipped with a loyal customer base, state-of-the-art machinery, and an excellent reputation for quality service.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,486 SF
Year Built
1957
Price
$750,000
Price Per SF
$505
Cap Rate
7%
NOI
$52,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Land Acres
0.07 AC
Parking
4.71 Spaces per 1,000 SF Leased
Frontage
31 FT on Guy R Brewer Blvd

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • 21st Century Dry Cleaning
  • Services
  • 1,486 SF
  • -
  • Triple Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
21st Century Dry Cleaning Services 1,486 SF - Triple Net -
Walk Score ®
Very Walkable (81)
Transit Score ®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12276-0059
Land Assessment
$69,750
Improvements Assessment
$105,899
Total Assessment
$175,649
  • Listing ID: 31061200

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: 12902 Guy R Brewer Blvd, Jamaica, NY 11434

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