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    8409 Queens Blvd Elmhurst, NY 11373

    Sponsored
    For Sale
    $1,100,000

    High-traffic Elmhurst office, excellent lease potential.

    Property size:
    1,336 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Elmhurst office space, totaling 1,336 square feet, presents a lucrative investment opportunity. Strategically located at 8409 Queens Boulevard, Unit 1A+1B, this property boasts a prime location with high foot traffic and easy accessibility. The space is currently configured as a doctor's office, comprising two units: Unit 1A (655 sq ft) and Unit 1B (681 sq ft), each contributing to the overall functionality and potential rental income. Its convenient proximity to the R and M subway lines, as well as bus routes Q58 and Q59, ensures excellent commuting options for employees and clients alike. The surrounding area offers a wealth of amenities, including ample shopping and dining choices, with a Stop & Shop supermarket conveniently located nearby. The property benefits from a tax abatement, significantly reducing ownership costs. The space is in move-in condition, minimizing upfront investment and allowing for immediate occupancy or lease commencement. This turnkey office space is ideal for a variety of medical or professional practices, seeking a well-established and highly accessible location in the thriving Elmhurst community. The combination of prime location, existing tenancy, and tax benefits makes this a compelling investment prospect.

    Property Features for 8409 Queens Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,336 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.87891
    Latitude
    40.73742

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic Elmhurst office, excellent lease potential.
    Where is this office property / space located?
    The property is located at 8409 Queens Blvd Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (718) 355-8788
    Request Owner's contact information
    8409 Queens Blvd Elmhurst, NY 11373
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    Elmhurst, NY 11373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8409 Queens Blvd Elmhurst, NY 11373
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