1572-1584 Richmond RdStaten Island, NY 10304

Property Details for 1572-1584 Richmond Rd

Year built

1966

Property size (Sq ft)

7,888 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Staten Island retail property, located at 1572-1584 Richmond Road, presents a compelling investment opportunity. The 7,888 square foot building, constructed in 1966, sits on a 12,800 square foot lot and is zoned R3-1. It comprises seven retail spaces, six of which are currently occupied, offering immediate cash flow. An additional, vacant building at the rear provides further potential for development or expansion. The property benefits from under-market rents, presenting a significant opportunity for value enhancement through lease renegotiations. Full-height basements, currently unused, offer substantial additional space for various uses. Its prime location at the intersection of Richmond Road, Four Corners Road, and Seaview Avenue ensures high visibility and accessibility. The property enjoys significant pedestrian and vehicular traffic, enhanced by its proximity to multiple bus stops and the Staten Island Train. Surrounded by established businesses including Santander Bank, Max's Esca, M&T Bank, and Baci Restaurant, this property is ideally positioned for continued success. This owner-user investment opportunity is priced at $3,500,000. The one-story building offers a strong foundation for long-term growth and profitability in a thriving retail environment.

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5911

Longitude

-74.1006

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