6517 Myrtle AveGlendale, NY 11385

For Sale
$1,199,000

Prime Glendale Retail Space, Two Tenants, High Returns

Overview

Added:
Feb 3
Days on market:
39
This exceptional 3,500 square foot L-shaped brick commercial building presents a lucrative investment opportunity in Glendale, NY. Boasting two street accesses, the property enjoys a prime location within a high-traffic area, ensuring consistent foot and vehicle traffic. Currently occupied by two commercial tenants, the building generates substantial rental income. The first-floor tenant, Benjamin Moore, occupies a significant portion of the space, paying a monthly rent of $3,713.15, increasing to $3,827.10 in December. Their lease expires November 29th. The second floor features an office space, currently leased for $2,250 per month, with a lease expiration date of October 25th. Both tenants are responsible for all utilities except taxes and water/sewer. The building also includes a full walk-out basement, offering additional storage or potential for expansion. Annual property taxes are approximately $24,404. The building's dimensions are 20 feet by 58 feet, providing ample space for the current tenants and potential future uses. This property offers a strong cash flow with potential for increased rental income upon lease renewals. The high-traffic location and existing tenant base make this an ideal investment for a discerning buyer seeking a stable and profitable commercial property.

Property Details for 6517 Myrtle Ave

Property type
Retail properties, Other retail properties
Square Feet
3,500 SF
Year Built
1931

Location Insight

City
Glendale
County
Queens
State
New York
Latitude
40.70144
Longitude
-73.8896
6517 Myrtle Ave, Glendale, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6517 Myrtle Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message