8138 Baxter AveElmhurst, NY 11373

This exceptional mixed-use property, situated at 8138 Baxter Avenue in Elmhurst, New York, presents a compelling investment opportunity. The three-story building, including a full basement, boasts a prime location just steps from the 7 train subway line, providing convenient access to Manhattan and other boroughs. Its proximity to Elmhurst Hospital, a diverse array of restaurants, coffee shops, supermarkets, and banks ensures high foot traffic and strong tenant demand. The lower level and ground floor comprise retail spaces, offering immediate income potential. The upper two floors house several rent-stabilized one-bedroom residential apartments, providing a stable and predictable rental income stream. The building's strategic location and diverse income streams make it an attractive investment for both seasoned and emerging real estate investors. While the exact square footage is not currently available, the property's substantial size and versatile layout offer significant potential for future development or renovation. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving and highly sought-after neighborhood. The property is offered at $2,550,000. Serious inquiries only.