79-51 Myrtle AveQueens, NY 11385

Property Details for 79-51 Myrtle Ave

Year built

1931

Property size (Sq ft)

3,672 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property in Glendale, Queens, presents a compelling investment opportunity. The building, constructed in 1931, boasts 3,672 square feet of net rentable space across two stories, situated on a 3,431 square foot lot (approximately 34 x 100.92 feet). The property features two street-level commercial spaces – one approximately 17 x 54 feet and the other 17 x 78 feet – ideal for a variety of businesses. Above the commercial spaces are two two-bedroom apartments, providing additional income streams. The building also includes two garages. The property benefits from a high volume of foot traffic due to its central location within Glendale's commercial district, close proximity to shops, restaurants, and a park, and convenient access to public transportation (Q29 bus and Jackie Robinson Parkway exit 4). The building has four electric meters and four gas meters. The high ceilings in the basement offer additional storage or potential for expansion. The property is zoned C1-3, offering flexibility for various commercial uses. The asking price is $1,500,000, representing a price per square foot of $408.50. This is a rare opportunity to acquire a well-located, multi-faceted property with significant income potential.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7029

Longitude

-73.8686

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