201-13 Linden BlvdQueens, NY 11412

Property Details for 201-13 Linden Blvd

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use building, located at 201-13 Linden Blvd in Saint Albans, Queens, NY 11412, presents a compelling investment opportunity. Priced at $950,000, this property offers a current cap rate of 5.47% and a pro forma cap rate of 7.49%, promising strong returns. The 2,060 square foot building sits on a 1,815 square foot lot and comprises one retail storefront and three residential units, creating a diverse income stream. Its prime location on Linden Blvd, between Francis Lewis Blvd and Springfield Blvd, ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. The immediate vicinity boasts a thriving retail environment, including established businesses such as Bank of America, CVS, and Dunkin' Donuts, further enhancing the property's appeal and potential for growth. This is an ideal opportunity for investors seeking a blend of retail and residential income in a bustling Queens neighborhood. The property's strong tenant base and strategic location contribute to its significant potential for long-term appreciation and increased revenue. Don't miss this chance to acquire a well-positioned mixed-use asset in a rapidly developing area.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.6949

Longitude

-73.7508

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