Overview
St. Albans Industrial Warehouse For Sale
Located in St. Albans, New York, within the East Queens submarket, 118-40 Montauk Street is a 6,250-square-foot industrial warehouse. The property, currently owner-occupied, presents a value-add opportunity for a new buyer to occupy as an owner-user or lease for passive income. The building includes over 5,500 square feet of warehouse space and 800 square feet of office space, plus 1,500 square feet of parking and outside storage space. A major renovation in 2017 included the installation of 48 cameras, high-speed internet, a new sprinkler system, full A/C and heat throughout the office space, and full insulation for the entire building. The warehouse has LED lighting, an automated intercom system with access card entrance, a full upgrade fire extinguisher system, a new roof, and new electrical panels. Interior features include a conference room, three restrooms (one ADA bathroom), a reception area, a main office with eight desks (one ADA desk), storage above each desk, a large CEO office, a kitchen, a break room, and a storage room. The warehouse space has 13.6-foot ceilings. The property is located less than 3 miles from JFK International Airport, and the LIRR is 2 blocks away. Within a five-mile radius, the population is over 48,500, and daytime employment is 31,945, with 15,282 in the trade transportation and utilities or manufacturing industries. The average household income within a five-mile radius is $61,214. Northeast Queens has a 4.1% vacancy rate and 5.6% rent growth in the last 12 months.
