86-22 BroadwayElmhurst, NY 11373

Property Details for 86-22 Broadway

Property size (Sq ft)

4,700 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional two-story commercial building, located at 86-22 Broadway in Elmhurst, Queens, New York, presents a lucrative investment opportunity. The 4,700 square foot property sits on a 2,834 square foot lot (25x115 feet), with the building itself measuring 25x94 feet. Currently configured as a mixed-use space, the building features two units. The ground floor is occupied by a bakery generating strong rental income (rent roll available upon request). The second floor, previously used as a real estate office, is currently vacant, offering immediate potential for increased revenue. The projected rental income is $8,000 per month. The property is zoned R7A/C1-2, providing flexibility for a variety of commercial uses. Its prime location in Elmhurst offers unparalleled convenience, with proximity to subway and bus lines, supermarkets, banks, and other essential amenities. This property is ideal for both investors seeking strong returns and end-users looking for a well-situated commercial space. The asking price is $5,180,000, translating to $1,102.13 per square foot. Ceiling height is noted as "Other" in the provided information. This is a rare opportunity to acquire a high-performing commercial property in a thriving New York City neighborhood.

Location Insight

City

Elmhurst

County

Queens

State

New York

Latitude

40.7379

Longitude

-73.8775

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