26,488SqFt Buildable | 165-02-165-04 Jamaica Ave
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26,488SqFt Buildable 165-02-165-04 Jamaica Ave
15,000 SF 89% Leased Retail Building Jamaica, NY 11432 $5,750,000 ($383/SF) 8.63% Cap Rate
Investment Highlights
- Development Site
- Leases / tenants in place for current cash flow while you develop upstairs
- Two full floors of vacant office space upstairs potential for 15% Cap Rate
Executive Summary
Introducing 165-02/04 Jamaica Avenue a 15,000 SqFt 3 Floor corner property with 6 ground floor retail stores + another two vacant floors of office space on top. 5/6 stores are occupied (Boston Market being the vacant unit) and the owner is negotiating a lease now to take over their space. 6FAR allows for 26,488 Buildable SqFt (11,488 available on top). The top floors can be fully renovated for office space while you maintain cash flow from current retail tenancy below - PRO FORMA on full occupancy (6/6 stores + the office space upstairs) is 12/13%. Leases & Access available for qualified buyers.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
B
Year Built
1917
Price
$5,750,000
Price Per SF
$383
Cap Rate
8.63%
NOI
$496,000
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.44
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C6-2 - 6FAR - 28,488sqFt buildable
Frontage
52 FT on Jamaica Ave
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
An Amazing opportunity to Lease out a QSR Prime Corner
Space | Size | Space Use | Position | Available |
Lower Level | 1,700 SF | Retail | In-Line | Now |
Lower Level
Size |
1,700 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Now |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Lower Level
Size | 1,700 SF |
Space Use | Retail |
Position | In-Line |
Available | Now |
An Amazing opportunity to Lease out a QSR Prime Corner
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 10155-0001 | Improvements Assessment | $997,330 |
Land Assessment | $792,000 | Total Assessment | $1,789,330 |
PROPERTY TAXES
Parcel Number
10155-0001
Land Assessment
$792,000
Improvements Assessment
$997,330
Total Assessment
$1,789,330
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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26,488SqFt Buildable | 165-02-165-04 Jamaica Ave
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