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Property Description

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 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.

Features
Heating System:
Natural Gas, Baseboard
Cooling System:
Wall/window Unit(s)
Basement:
Finished
Lot Features:
Near Public Transit
Parking Features:
Garage, Private, Shared Driveway
Sewer:
Public Sewer
Utilities:
Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Development Status:
Brick
Agent MlsId:
195033
Office MlsId:
ERLT01
Special Listing Conditions:
No
Stories Total:
2
Tax Annual Amount:
$9,183
Water Source:
Other
Zoning:
R4 C1-3
PhotosCount:
7

Commercial Sale For Sale

8307 Grand Avenue, New York, NY

1,140 Acre
$1,350,000
Listing ID #911540
Basic Details
Property Type :
Commercial Sale
Property SubType :
Mixed Use
Listing ID :
911540
Price :
$1,350,000
Bathrooms Total :
0
Building Area :
3,300 Sqft
Lot Area :
1,140 Acre
Year Built :
1945
Status :
Active
Status :
Active
Listing Office :
E Realty International Corp
Listing Agent :
Zhen Chen
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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