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7511 Metropolitan Ave 5,500 SF 29% Leased Retail Building Middle Village, NY 11379 $4,625,610 CAD ($841.02 CAD/SF) 3.82% Cap Rate
Executive Summary
Don’t miss this incredible opportunity to own a commercial property in a highly desirable and convenient Middle Village location! Situated on busy Metropolitan Avenue, this property offers excellent visibility and accessibility—close to public transportation, restaurants, supermarkets, and residential homes. The building measures approximately 38 x 65 on a 55 x 100 lot, with a maximum buildable of 15,750 sq. ft., offering tremendous potential for future development or expansion. The property is being sold with the existing business, a well-established laundromat, making it ideal for an owner-user or investor looking for a turnkey opportunity in a thriving neighborhood. Additional income from two additional commercial units next door, which are a 2-story building: 1st floor rented to a drug store for $4,000, and 2nd floor studio for $3,800.
The owner is motivated to buy with Laundymatt or as a development.
The owner is motivated to buy with Laundymatt or as a development.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,500 SF
Building Class
B
Year Built
1931
Price
$4,625,610 CAD
Price Per SF
$841.02 CAD
Cap Rate
3.82%
NOI
$176,614 CAD
Percent Leased
29%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
0.24 AC
Zoning
R5 C1-3 - R5B with a C2-2 overlay
Frontage
55’ on Metropolitan Avenue
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hannah Laundromat Inc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hannah Laundromat Inc | Services | - | - | - |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03066-0023 | Improvements Assessment | $379,937 CAD |
| Land Assessment | $204,260 CAD | Total Assessment | $584,197 CAD |
Property Taxes
Parcel Number
03066-0023
Land Assessment
$204,260 CAD
Improvements Assessment
$379,937 CAD
Total Assessment
$584,197 CAD
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7511 Metropolitan Ave
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