7
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$1,350,000
Est. payment /mo
1,141 Sqft Lot
New
8307 Grand AVE Elmhurst, NY 11373
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 911540
Rental Info No
Year Built 1945
Annual Tax Amount $9,183
Lot Size 1,141 Sqft
Acres 0.0262
Property Sub-Type Mixed Use
Source onekey2
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.
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.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Baseboard, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage, Private, Shared Driveway
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Total Parking Spaces 1
Building
Lot Description Near Public Transit
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Other
Structure Type Brick
Others
Special Listing Condition None
Listed by E Realty International Corp • Zhen Chen
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