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218-56 Hempstead Ave 2,560 SF 100% Leased Retail Building Jamaica, NY 11429 $1,483,823 CAD ($579.62 CAD/SF)



Investment Highlights
- High traffic area perfect for a business
- Significant upside potential
Executive Summary
Prime Mixed-Use Building Opportunity This mixed-use building offers an ideal investment or end-user opportunity in a high-traffic, highly desirable area. Featuring one vacant retail store and two spacious 2-bedroom apartments with month-to-month tenants, this property provides immediate rental income with significant upside potential. The retail space is perfectly positioned for a business owner or to attract a tenant, benefiting from heavy pedestrian and vehicular traffic and neighboring major franchise retailers. The apartments offer bright and functional layouts, appealing to a wide range of renters. Whether you're looking to expand your portfolio or secure a prime location for your business, this property delivers flexibility, income potential, and long-term value in a thriving area. Don’t miss out on this fantastic opportunity!
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,560 SF
Building Class
C
Year Built
1935
Price
$1,483,823 CAD
Price Per SF
$579.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Lot Size
0.03 AC
Zoning
R3-2 - Low density residential district
Parking
2 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
16’ on Hempstead Ave
Amenities
- Bus Line
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11110-0004 | Improvements Assessment | $32,158 CAD |
| Land Assessment | $8,763 CAD | Total Assessment | $40,921 CAD |
Property Taxes
Parcel Number
11110-0004
Land Assessment
$8,763 CAD
Improvements Assessment
$32,158 CAD
Total Assessment
$40,921 CAD
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218-56 Hempstead Ave
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