131-07 Liberty Avenue, Richmond Hill, NY 11419
sale
$1,050,000
|
Other
Courtesy Of WINZONE REALTY INC.
Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16' x 72'. footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,321/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Building Units: 2
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Brick
- Heating System: Natural Gas
- MLSID: 1049990
- Rooms: Basement
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