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218-56 Hempstead Ave 2,560 SF 100% Leased Retail Building Jamaica, NY 11429 $1,523,401 CAD ($595.08 CAD/SF)

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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
$1,523,401 CAD
Price Per SF
$595.08 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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

CTown
Golden Krust Caribbean Bakery
Chase Bank
Wells Fargo Home Mortgage
Citibank
Capital One
Pret A Manger
Key Food
Td Bank
Retro Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11110-0004
Land Assessment
$8,737 CAD
Improvements Assessment
$32,065 CAD
Total Assessment
$40,802 CAD
  • Listing ID: 34922615

  • Date on Market: 2025-02-24

  • Last Updated:

  • Address: 218-56 Hempstead Ave, Jamaica, NY 11429

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