For Sale: Retail on Heavily Traffificked Belmont Avenue
For Sale: Retail on Heavily Traffificked Belmont Avenue
Marketing description
Well-located on Belmont Avenue just east of Long Avenue, this 4,892 SF single-story, fully occupied, neighborhood retail property is available for sale. The building is comprised of five retail storefronts, two have been recently combined. The facade has been recently updated with new windows that provide excellent visibility and curb appeal.
The Belmont Cragin community has benefited from steady growth in population and renewed investment. Local businesses enjoy a strong residential consumer base, great public transportation, and quick access to the Expressway
Investment highlights
4,892 SF retail property
- Fully leased neighborhood retail with strong tenant base
- Strong cash flow, projected NOI over $94,000
Just east of the intersection at Belmont and Long Avenues
Ample parking in rear
Excellent visibility
Land Area: 10,019 SF
Traffic Count: 15,701 vehicles daily
Nearby businesses include XSport Fitness, Tony’s Fresh Market Walgreens, Subway, T-mobile, several shops and restaurants
Zoning: B3-1
Real estate taxes (2024): $20,090.95
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