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$ 1,798,000
Est. payment | /mo
4 Beds
4.5 Baths
4,230 SqFt
$ 1,798,000
Est. payment | /mo
4 Beds
4.5 Baths
4,230 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,230 sqft
Price per Sqft $425
MLS Listing ID 11948875
Bedrooms 4
Full Baths 4
Half Baths 1
Year Built 2007
Annual Tax Amount $33,546
Lot Size 2,325 Sqft
Property Description
Presenting a rare opportunity to acquire a fully occupied, income-generating mixed-use building in the heart of Richmond Hill's vibrant Jamaica Avenue commercial corridor. Located at 102-28 Jamaica Avenue, this modern asset was built in 2007 with a durable fireproof concrete, brick, and steel construction, offering investors immediate income and long-term investment potential. The building encompasses approximately 6,270 square feet of interior space and features a well-balanced mix of commercial and residential uses. The ground floor offers approximately 2,040 square feet and is occupied by a medical office, benefiting from excellent visibility and exposure along Jamaica Avenue. A fully finished approximately 2,040-square-foot basement provides additional usable space and includes a dedicated utility area. The residential component consists of four approximately 500-square-foot one-bedroom apartments, creating multiple income streams within one well-maintained asset. The apartments feature independent heating and boiler systems, helping reduce common utility responsibilities and supporting efficient property operations. The property's exceptional transportation access-just moments from the J and Z subway lines and the Q56 bus route-supports strong accessibility for both commercial and residential occupants. Surrounded by established businesses, services, and daily commuter activity, the location offers the fundamentals investors seek for sustained demand. Modern infrastructure includes an advanced sprinkler system, while the relatively recent construction provides a compelling alternative to older mixed-use inventory. With approximately 6,270 square feet of interior space and an offering price representing approximately $287 per square foot, this property presents an attractive value proposition for investors seeking a fully occupied, income-producing mixed-use asset with immediate cash flow and long-term upside. A compelling opportunity to add a modern, income-generating Richmond Hill property to your investment portfolio.
Location
State NY
County 36081
Rooms
Dining Room 1
Kitchen 0
Building
Story 3
NEARBY SCHOOL & BUSINESS