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    158-02 Union Tpke Flushing, NY 11366

    For Lease
    $50,000

    Retail space in prime location near universities and hospital.

    Lot size:
    0.52 Acres

    Property Features for 158-02 Union Tpke

    General Information

    Lot size
    0.52 Acres

    Building Details

    Year built
    1994

    Source: RE/MAX City Square Agent Alexander Mikhaylov

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

    Overview

    Former Pharmacy Retail Space Available

    Located at 158-02 Union Turnpike in Flushing/Fresh Meadows, NY 11366, this retail space is available for lease. The property was formerly occupied by a Rite-Aid Pharmacy. The building has 9,600 square feet of space and sits on a 23,000 square foot lot. It features 400 feet of linear frontage and benefits from approximately 14 million in annual traffic. The location is near St. John's University, Queens College, and Queens Center Hospital. It is also near five neighborhoods and is five minutes from Queens Boulevard. The property is suitable for a franchise tenancy, school, medical facility, supermarket, or non-profit organization. A long-term lease is available. Monthly rent is $50,000, plus taxes and common area maintenance.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    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.

    Similar Places Nearby

    Albert Baron, RPH, 79 Express Rx Inc., Mikhail Gavrilov, BLESS YOU RX PHARMACY, Trinity Rx Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.86166
    Latitude
    40.703722

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    FAQs

    What type of property is this?
    Drug store - Retail space in prime location near universities and hospital.
    Where is this drug store located?
    The property is located at 158-02 Union Tpke Flushing, NY.
    What are key features of this property?
    This property features: - High-Traffic Location: Benefits from 14 million annual traffic; - Large Building Size: 9,600 SF building provides ample space; - Prime Frontage: Offers 400 feet of linear frontage for excellent visibility
    (917) 587-5799
    Request Owner's contact information
    158-02 Union Tpke Flushing, NY 11366
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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
    158-02 Union Tpke Flushing, NY 11366
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