9509 57Th AveElmhurst, NY 11373

Property Details for 9509 57Th Ave

Year built

1993

Lot size

0.04 AC

Property size (Sq ft)

1,510 SF

Zone code

R6A

Property type

Retail space

APN

01903-0001

APU

19030001

Description

This exceptional mixed-use property, situated on a 0.04-acre lot (20x82.9 feet) in Elmhurst, NY, presents a lucrative investment opportunity. The 1,510-square-foot building, constructed in 1993 and fully renovated, boasts new plumbing, electrical, and a 2-year-old gas system. Currently, the first floor generates a substantial monthly income of $10,000 from a restaurant tenant. The property's R6A and C1-2 zoning allows for a significant buildable area of 5,016 square feet, offering considerable future development potential. Its prime location in a bustling Elmhurst neighborhood provides easy access to public transportation, schools, a library, banks, and supermarkets, with the Queens Mall just a 5-minute walk away. This brick building represents a rare chance to acquire a high-performing, mixed-use asset in a highly desirable area with strong rental income and significant upside potential. The property's recent renovations ensure minimal maintenance needs, maximizing return on investment. This is a must-see for discerning investors seeking a strong, established income stream with future expansion possibilities. The property is priced at $1,998,000.

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.737

Longitude

-73.8655

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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