530 Forest AveStaten Island, NY 10310

Property Details for 530 Forest Ave

Year built

1938

Lot size

0.05 AC

Property size (Sq ft)

2,600 SF

Zone code

R3X

Property type

Investment properties

Property subtype

Retail residential properties

APN

00276-0050

APU

2760050

Description

This exceptional 1,600 square foot retail space, located on Forest Avenue in Staten Island, presents a unique investment opportunity. Built in 1938, this two-story building offers a single-tenant occupancy, currently configured as a party room. The existing layout includes two bathrooms and a kitchen area suitable for light food storage, making it ideally suited for a venue or entertainment business. However, the space's versatility allows for a wide range of alternative uses, including office space or other commercial ventures. The property's prime Forest Avenue location ensures high visibility and accessibility, attracting significant foot traffic and potential clientele. The building's solid construction and established presence on a busy thoroughfare offer a stable foundation for a thriving business. This is a rare opportunity to acquire a well-positioned commercial property in a desirable Staten Island location. The vacant space is ready for immediate occupancy, allowing for swift implementation of your business plans. Serious inquiries are encouraged to explore the potential of this remarkable property. Richmond County location provides access to a strong local market.

• CAP approach

  CAP return

  Valuation

  6%

  $533,024

  6.5%

  $492,022

  7%

  $456,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $526,560

  Geo Method

  $526,560

• Alternative Use

  Use

  Valuation

  Residential

  $492,022

  Hospitality

  $450,689

  Educational

  $374,968

  Medical

  $387,864

  Retail

  $583,284

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6301

Longitude

-74.1078

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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