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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
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
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
  • Lower Level
  • 1,700 SF
  • Retail
  • In-Line
  • Now

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

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)
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.®

Nearby Major Retailers

Starbucks
Shake Shack
Chase
Blink Fitness
Golden Krust
ALDI
Ymca
Citi
Planet Fitness
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10155-0001
Land Assessment
$792,000
Improvements Assessment
$997,330
Total Assessment
$1,789,330
  • Listing ID: 34006534

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 165-02-165-04 Jamaica Ave, Jamaica, NY 11432

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