8307 Grand Avenue Elmhurst, NY 11373
Mixed Use
MLS #: 911540
Courtesy Of E REALTY INTERNATIONAL CORP.
Property InformationDescription
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.
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
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Brick
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 911540
- Parking Spaces: 1
- Rooms: Basement
MAP & DIRECTIONS
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