116-14 Myrtle Ave
Medical Office for Sale
Marketing description
Exceptional mixed-use opportunity in the heart of Richmond Hill! This well-maintained property features a fully built-out radiology office on the ground floor, thoughtfully designed to support medical and professional use.
The layout offers multiple functional areas to accommodate patient reception, imaging, consultation, and administrative operations, making it ideal for medical professionals seeking a turnkey environment or investors looking to lease to healthcare tenants.
The upper level includes a comfortable one-bedroom residential apartment, perfect for owner occupancy or rental income. The apartment can be delivered vacant, offering flexibility for end users or investors to maximize the property's potential. A full basement provides valuable additional space for storage, equipment, or operational support, enhancing the overall functionality of the building.
This sale also presents a rare opportunity to acquire existing radiology equipment, which can be included for an additional $100,000 or purchased separately—allowing medical users to significantly reduce startup time and costs. Ideally located near public transportation, shopping, and neighborhood amenities, this versatile mixed-use building offers excellent accessibility, visibility, and long-term value. A perfect opportunity for medical professionals, investors, or end users seeking a combined commercial and residential asset in a high-demand Queens location.
Investment highlights
116-14 Myrtle Avenue presents a unique investment opportunity in the rapidly evolving Richmond Hill market. Whether acquired as an income-producing mixed-use asset, owner-user property, or future development site, this property offers investors multiple pathways to create value.
Currently configured with a commercial medical office on the ground floor, a residential apartment above, and a full basement, the property provides immediate income potential while preserving long-term redevelopment flexibility. Investors can capitalize on existing cash flow, lease the commercial space to medical or professional tenants, occupy the building for their own business, or reposition the asset to maximize returns.
What makes this offering particularly attractive is its development potential. Situated on a valuable commercial corridor along Myrtle Avenue, the property benefits from strong visibility, consistent traffic counts, and proximity to transportation, making it well-positioned for future mixed-use redevelopment. As land values continue to rise throughout Queens, opportunities to acquire sites with both current utility and future upside have become increasingly scarce.
The optional acquisition of existing radiology equipment further enhances the property's appeal for healthcare operators seeking a turnkey solution, reducing startup costs and accelerating occupancy timelines. For investors, this specialized infrastructure may command premium rents from medical tenants, a sector that has historically demonstrated strong occupancy and long-term stability.
Strategically located near public transportation, major roadways, shopping, and neighborhood amenities, 116-14 Myrtle Avenue offers the rare combination of immediate usability, income potential, and redevelopment upside. Whether your strategy is cash flow, value-add repositioning, owner occupancy, or long-term land banking, this property provides the flexibility and growth potential sought by today's sophisticated investors.
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