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    61-07 Utopia Pkwy Flushing, NY 11365

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    For Sale
    $2,628,000

    Two-story mixed-use building near shopping and transportation.

    Lot size:
    0.05 Acres

    Property Features for 61-07 Utopia Pkwy

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    2008

    Source: AAA Young Shuen Realty Inc Agent Hui Fang Chen

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

    Overview

    Mixed-Use Building at Busy Intersection

    This two-story mixed-use commercial building with a basement is located at the intersection of Utopia Parkway and Horace Harding Expressway. Constructed in 2008, the property has been well maintained. All units are currently under a Net Net lease, generating over $145,300 per year. The building size is 20 x 80. Situated two blocks from Francis Lewis High School and within walking distance of the Fresh Meadows Shopping Center (Kohl's and AMC), the property offers convenient access to the Long Island Expressway. This property is suitable for investment and starting a business.
    Location Intelligence

    Current Use by Public Records

    Kung Fu Tea ... Bubble Tea Store Dr. Suleman Nasimi, ... Dentist Susan School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.79459
    Latitude
    40.785089

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building near shopping and transportation.
    Where is this mixed-use property located?
    The property is located at 61-07 Utopia Pkwy Flushing, NY.
    What is the asking price?
    The asking price for this property is $2,628,000.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Utopia Pkwy and Horace Harding Expressway.; - Currently generating over $145,300/year under a Net Net lease.; - Built in 2008 and well-maintained.
    (917) 681-7009
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    61-07 Utopia Pkwy Flushing, NY 11365
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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
    61-07 Utopia Pkwy Flushing, NY 11365
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