8307 Grand Avenue, Elmhurst, NY 11373 (MLS # 949794)
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Prime mixed-use investment opportunity located on one of Elmhurst's busiest commercial corridors. The property consists of a ground-floor retail unit currently occupied by a music store and two residential apartments on the second floor (front and rear), each configured with 2 bedrooms and 1 bathroom. A full basement provides additional utility and storage space. The building measures 20 ft x 55 ft on a 20 ft x 57 ft lot, with a total interior area of approximately 3,300 square feet. The property is equipped with two separate electric meters, gas meters, and boilers. Financials: "¢ Current monthly rental income: $6,920 "¢ All units fully leased with stable, paying tenants (delivered occupied) "¢ Annual property tax: $9,183 Location Highlights: "¢ Excellent visibility on Grand Avenue, Elmhurst's thriving commercial strip "¢ Direct access to Q58 bus service to Flushing Main Street "¢ 9-minute walk to M/R subway lines "¢ Surrounded by supermarkets, restaurants, laundromats, and neighborhood amenities Zoning: R4, C1-3 (mixed-use) Rare opportunity to acquire a fully income-producing mixed-use property in a high-demand Elmhurst location with strong appreciation potential.
| DAYS ON MARKET | 63 | LAST UPDATED | 3/3/2026 |
|---|---|---|---|
| YEAR BUILT | 1945 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Mar 3, '26 | $1,350,000 |
|---|---|
| Mar 3, '26 - Today | $1,328,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Finished |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Natural Gas |
| LOT | 1141 sq ft |
| LOT DESCRIPTION | Near Public Transit |
| PARKING | Garage, Private, Shared Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 9183 |
| UTILITIES | Natural Gas Available, Electricity Available, Electricity Connected, Natural Gas Connected |
| WATER | Other |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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