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568 Grandview Ave Flushing, NY 11385

For Sale
$2,400,000

Turnkey, income-producing mixed-use building in a desirable Queens neighborhood.

Lot size:
0.04 Acres

Property Features for 568 Grandview Ave

General Information

Lot size
0.04 Acres

Building Details

Year built
1917

Source: eXp Realty Agent Benjamin Turk

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Building in Prime Location

This is a turnkey, income-producing mixed-use brick building located in a desirable and rapidly appreciating neighborhood in Queens. The property benefits from its corner lot location, providing excellent exposure and street visibility on a bustling intersection. The zoning is R6B, which allows for potential future development or expansion, subject to architectural consultation. The building features three fully leased residential units with stable tenants and a strong rent roll. Additionally, there is a ground-floor retail unit with high visibility, ideal for continued commercial use. A rare amenity for the area, the property includes four private garages, suitable for owner use or additional rental income. This investment offers immediate cash flow and long-term upside in a high-demand rental market, making it suitable for 1031 exchange buyers, investors, or owner-users seeking mixed-use flexibility.
Location Intelligence

Current Use by Public Records

Celene's Thrift Shop Thrift Store

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
Flushing
County
Queens
State
New York
Longitude
-73.906019
Latitude
40.708429

FAQs

What type of property is this?
Mixed-use property - Turnkey, income-producing mixed-use building in a desirable Queens neighborhood.
Where is this mixed-use property located?
The property is located at 568 Grandview Ave Flushing, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: - Turnkey, income-producing mixed-use brick building.; - Located in a desirable and rapidly appreciating neighborhood in Queens.; - Fully leased with stable tenants and strong rent roll from 3 residential units.
More about this property
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