Pending

933-939 Richmond Avenue

Staten Island NY, 10314

$6,800,000


$629.86 per sqft

Pending

10,796 sqft

Commercial

Built in 1975

Presenting an exceptional investment opportunity at a prestigious Triple A location.

933-939 Richmond Ave is situated at the bustling intersection of Richmond Avenue and Forest Avenue. This prime commercial property is anchored by the popular IHOP restaurant, ensuring a steady flow of foot traffic and visibility. This property represents a rare opportunity to acquire a high-performing commercial asset in a premier location. With established leases and minimal landlord obligations, it promises both stability and profitability for investors.

Key Features: Anchor Tenant: IHOP, a renowned and reliable tenant, drawing consistent customer visits. Triple Net Leases (NNN): All current leases are triple net, providing the owner with minimal management responsibilities as tenants cover property taxes, insurance, and maintenance costs. High Visibility: Situated on a highly trafficked location, this asset benefits from maximum exposure to passing vehicles and pedestrians. Ample Parking: The property boasts a spacious parking lot with 36 parking spaces, accommodating customer and tenant needs comfortably. Strong Financials: Generates a solid Net Operating Income (NOI) exceeding $400,000 annually, reflecting its status as an investment.

2402768

MLS ID

May 15, 2024

Listed

November 22, 2024

Updated

Map

933-939 Richmond Avenue
Staten Island NY, 10314

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Heating

Yes


Heating Description

Natural Gas, Other

Exterior/Building Features

Lot Size

0.6 Acres


Sewer

City

Other Property Details

Area Name

Graniteville


Taxes

$111,633


Tax Frequency

Annually


Garage

No


Parking

Assigned, Private


Parking Total

60


View

No


County

Richmond


Pool

No


Zoning

C2-1

Listing History

Date

Event

Price

9/16/2024

Pending

 

Courtesy of American Homes Group

Disclaimer: Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Prodigy Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 NY - Staten Island Board of REALTORS (SIBOR). All rights reserved.

Powered byLuxury Presence