Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16â?? x 72â??. footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,321/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!
Details:
Families:
2
Property Type:
House
Built:
1925
School District:
Queens 28
Financials:
Price:
$1,050,000
Taxes:
$7,321
Winzone Realty Inc Ping Sang Cheng Office: 718-899-7000
![[Richmond Hill Real Estate, listing number 7338899]](https://www.vlshomes.com/images/full/7338899a.jpg)