8307 Grand Avenue, Elmhurst, NY, 11373
1945
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.
Status:
Active
Type:
Commercial
Heating:
Baseboard, Natural Gas
Cooling:
Wall/Window Unit(s)
Basement:
Finished
Levels:
2
Parking:
1-car, Garage, Private, Shared Driveway
Acreage:
0.03
Est. Taxes:
$9,183
Construction
Brick
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Lot Description:
Near Public Transit
Days on Market:
1
MLS #:
949794
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of E Realty International Corp 718-886-8110