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Mixed Use - Elmhurst, NY
Prime mixed-use investment opportunity located on one of Elmhurst’s busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space.
The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3,300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers.
Financials:
• Current monthly rental income: $6,920
• All units fully leased with stable, paying tenants (delivered occupied)
• Annual property tax: $9,183
Location Highlights:
• Excellent visibility on Grand Avenue, Elmhurst’s thriving commercial strip
• Direct access to Q58 bus service to Flushing Main Street
• 9-minute walk ...
• 9-minute walk to M/R subway lines
• Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenities
Zoning: R4, C1-3 (mixed-use)
Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.
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