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790 Port Richmond Ave
Staten Island, NY 10302
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- There is a new roof in place and parking for 20 cars.
- Tenants in the area include Stop & Shop, TJ Maxx, and Target.
EXECUTIVE SUMMARY
Although site has a Port Richmond Ave address, it fronts Forest Ave. An incredible opportunity to purchase a strip center with strong tenancy and upside in the heart of the Forest Ave shopping area. Located at a lighted intersection with access to Route 440. Two-tenanted property with SEIU lease expiring in 2028 with no further options. With 5 years remaining, new owners have an opportunity to work to extend SEIU or subdivide premises and rent out to smaller tenancies at more attractive rents. Full basement that is completely vacant providing further upside. Great 1031 opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,365 SF
Building Class
B
Year Built
1972
Price
$6,878,100 CAD
Price Per SF
$933.89 CAD
Cap Rate
6%
NOI
$412,686 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.39 AC
Zoning
C2-1 - a commercial overlay district that's primarily residential with commercial uses on the street level
Parking
20 Spaces (2.72 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 01141-0001 | Improvements Assessment | $516,309 CAD |
| Land Assessment | $260,998 CAD | Total Assessment | $777,308 CAD |
PROPERTY TAXES
Parcel Number
01141-0001
Land Assessment
$260,998 CAD
Improvements Assessment
$516,309 CAD
Total Assessment
$777,308 CAD
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