3535 Highway 1 #CIDCO
About This Property
Unlock the full potential of a premier 3.24-acre corner parcel with unparalleled visibility and connectivity. Located at a high-traffic four-way intersection, this property is ideal for a gas station, truck stop, or retail concepts such as 7-Eleven or Wawa, with multiple passive income streams and strategic advantages for transportation and logistics needs.
Key Features
Size & layout:** 3.64 acres of prime commercial land on a corner lot, delivering optimal ingress and egress for vehicles of all sizes.
High visibility & traffic:** Positioned on a busy four-way intersection with robust daily traffic, maximizing exposure for a wide range of retail and service uses.
Proximity to rail and transit:** A bright-line rail station is under construction, with project completion targeted for 2028. The site sits within a half-mile of the new station, expected to generate millions in passenger volume and ancillary revenue opportunities. Strategic for transportation & logistics:** Ideal as a transportation hub, fueling and rest stop, or a passenger-friendly retail/food service hub that serves commuters, travelers, and truck traffic.
Flexible income streams:** The property currently features multiple income sources and can be adapted or expanded to suit a variety of commercial concepts.
Potential Uses
Gas station with fuel sales, convenience store, and quick-serve options
Truck stop with parking, amenities, and truck services
National or regional convenience store brands (e.g., 7-Eleven, Wawa)
Transportation hub with shuttle or micro-transit connections
Visitor services for cruise passengers (nearby bridge access)
Mixed-use retail center or strip with drive-throughs, car wash, or service bays
Location Advantages
Corner lot at a signalized intersection with four-way traffic control
High daily traffic volumes that support strong unit economics
Proximity to a new Brightline rail station (construction underway; completion anticipated 2028)
Enhanced passenger footfall and commercial opportunities from rail-related commuters
Short bridge access to cruise-line facilities, presenting additional revenue channels
Investment Considerations
Development-ready or remodel-ready for a branded gas station, travel center, or convenience retailer
Strong synergistic potential with rail-and-transit-enabled commerce
Significant upside from anticipated population and tourist influx tied to new rail line
Versatile site plan opportunities to maximize peak-hour efficiency and customer throughput
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2026 | Price Increased |
$4,500,000
↑ $400K
(9.8%) | |
| Price Increased | |||
| Jun 22, 2026 | Price Decreased |
$4,100,000
↓ $300K
(6.8%) | |
| Price Decreased | |||
| May 15, 2026 | Price Decreased |
$4,400,000
↓ $300K
(6.4%) | |
| Price Decreased | |||
| Mar 30, 2026 | Listed by Harmony House Realty, Inc | $4,700,000 | |
| Listed by Harmony House Realty, Inc | |||
Property Highlights
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
About Sharpes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017