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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1031098
Rental Info No
Year Built 1967
Annual Tax Amount $13,542
Property Sub-Type Retail
Source onekey2
Property Description
Prime corner commercial investment property for sale in one of Rosedale's busiest retail corridors. Located next to McDonald's, just minutes from Long Island and within walking distance to the Rosedale LIRR Station, this highly visible corner building benefits from strong pedestrian and vehicle traffic, excellent exposure, and a mature commercial environment.
The property offers stable cash flow with an estimated 6%+ cap rate. Current rental income is approximately $3,900/month under a NNN lease. Annual property taxes are approximately $13,000, paid by the tenant, and the tenant also pays the water bill. The same tenant has occupied the property for approximately 19 years, with about one year remaining on the current lease and expected renewal.
Property features include an approximate 19' x 73' building size on an approximate 24' x 93' lot, Zoning R2A, C1-3, natural gas, central HVAC, and no basement. Tenant currently operates a popular restaurant and bar with liquor license, featuring quality interior improvements, including professional soundproofing and vibration insulation.
Owner pays approximately $4,700/year for insurance. Recent roof waterproofing has been completed, and owner responsibility is mainly limited to roof-related maintenance.
An excellent opportunity for investors seeking a prime corner commercial asset with a long-term established tenant, NNN lease structure, stable income, and strong long-term upside. Buyer to verify all information independently.
The property offers stable cash flow with an estimated 6%+ cap rate. Current rental income is approximately $3,900/month under a NNN lease. Annual property taxes are approximately $13,000, paid by the tenant, and the tenant also pays the water bill. The same tenant has occupied the property for approximately 19 years, with about one year remaining on the current lease and expected renewal.
Property features include an approximate 19' x 73' building size on an approximate 24' x 93' lot, Zoning R2A, C1-3, natural gas, central HVAC, and no basement. Tenant currently operates a popular restaurant and bar with liquor license, featuring quality interior improvements, including professional soundproofing and vibration insulation.
Owner pays approximately $4,700/year for insurance. Recent roof waterproofing has been completed, and owner responsibility is mainly limited to roof-related maintenance.
An excellent opportunity for investors seeking a prime corner commercial asset with a long-term established tenant, NNN lease structure, stable income, and strong long-term upside. Buyer to verify all information independently.
Location
State NY
County Queens
Interior
Heating See Remarks
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
Listed by Chase Global Realty Corp • Sophia X. Yao
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