10617 Jamaica Ave 3,363 SF 100% Leased Retail Building Richmond Hill, NY 11418 $1,790,307 CAD ($532.35 CAD/SF) 9.93% Cap Rate

Prime Mixed-Use Investment Opportunity on Jamaica Avenue
Positioned along the highly visible Jamaica Avenue commercial corridor in Richmond Hill, 106-17 Jamaica Avenue presents an excellent opportunity for investors, owner-users, and businesses seeking a versatile mixed-use property in Queens. This three-story building features a street-level commercial space on the ground floor, providing excellent visibility and accessibility for a variety of potential retail, professional, or commercial uses, subject to applicable zoning and approvals.
The second and third floors each contain a spacious residential apartment, offering an attractive additional income component to the property. Each apartment is approximately 1,050 square feet and features 4 rooms, a full bathroom, and a kitchen. Based on current market potential, each apartment could potentially generate approximately $4,000 per month in rental income, or approximately $8,000 per month combined, subject to market conditions, lease terms, and applicable regulations. This creates the potential for approximately $96,000 in annual gross residential rental income, in addition to the income or owner-user benefits associated with the ground-floor commercial space.
The property's location offers excellent access to public transportation. The J/Z 104th Street–102nd Street subway station is approximately 0.14 miles away, providing convenient subway access within a short walk. The J train at 111th Street is approximately 0.20 miles away, and multiple bus options operate along and near Jamaica Avenue, including the Q56, providing additional connectivity throughout Queens.
Situated within an established commercial corridor surrounded by neighborhood businesses, restaurants, retail, and residential communities, the property benefits from pedestrian and vehicular exposure along Jamaica Avenue. Its combination of a commercial storefront, two sizable residential apartments, and convenient transportation makes 106-17 Jamaica Avenue an attractive opportunity for an investor seeking a mixed-use asset with multiple potential income streams.
Buyers and their representatives should conduct their own independent due diligence regarding zoning, permitted uses, square footage, lot size, building classification, certificates of occupancy, permits, leases, rental income, expenses, and all other property information. Any stated rental income represents potential or estimated market rent and is not guaranteed.