1388 Richmond Terrace

Introducing a rare North Shore commercial opportunity offering massive rental upside, diverse tenancy, and a flexible configuration suitable for both investors and owner-users.

The property totals approximately 16,000 SF across four buildings, all currently occupied, with rents sitting significantly below market. Investors can enjoy stable in-place cash flow with substantial room for future rent growth, while owner-users can capitalize on the ability to occupy all or a portion of the site while benefiting from existing income.

Property Overview
The site is configured as four distinct commercial spaces:

1. 5,000 SF Retail/Community Facility on Richmond Terrace
   High ceilings, excellent visibility, and prominent frontage. Currently home to a Community Center.
2. 6,880 SF Music/Guitar Center
   A long-standing tenant with a deep history at the property.
3. Two Separate Flex/Industrial Buildings Adjacent to the Parking Lot
   Both occupied by an established autobody operator with strong demand for this use in the area.

Current rents across all units are well below market, creating immediate value-add potential for repositioning, restructuring leases, or bringing rents to market upon turnover.

Location Summary
The property sits on Staten Island’s rapidly developing North Shore, a corridor known for:

• Steady industrial and commercial demand
• Proximity to the Bayonne Bridge and Goethals Bridge
• Quick connectivity to the Verrazzano-Narrows Bridge and Brooklyn
• Access to major transportation routes, container terminals, and distribution hubs

This location continues to outperform due to limited supply, long-standing user demand, and the ongoing revitalization across the North Shore waterfront.