Investment Overview

Marcus & Millichap is pleased to present for sale 1674-1696 Richmond Road in Staten Island, New York. This is an 11,118 square foot, value-add shopping strip consisting of six stores. The property is currently 52 percent occupied with four occupied stores, and two contiguous vacant spaces totaling 5,300 square feet. Every space has a full lower level not reflected in the rentable square footage. The property rests on a 27,000 square foot lot with a rear parking lot that can accommodate up to 40 cars. The property is zoned R3-1/C1-1, and it has 200 feet of retail frontage along Richmond Road, a strong retail corridor connecting the Dongan Hills and Todt Hill areas. The property is located directly across the street from a brand-new Starbucks and a brand-new Fine Fare Supermarket. It is surrounded by local retailers, and it benefits from outstanding Staten Island demographics and traffic counts. This is an opportunity for an investor to create value by leasing up/renovating the current vacant units, or for a user looking to occupy 5,300 SF of on-grade retail with 5,300 SF of additional lower-level space.