Ground-Floor Retail Condo Unit
For Lease
$3,990,000 NNN
158-15 Union Turnpike Unit #1A, Fresh Meadows, NY 11366
Modern 2018-built ground-floor retail condo with flexible use options in a mixed-use condominium setting.
Space SizeContact for details
Days on Market52
Property Features for 158-15 Union Turnpike Unit #1A
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Commercial
Zoning
R5D
Additional Details
Cap Rate
9%
Taxes and HOA fees
Annual Taxes
$25,440
Building Details
Year Built
2018
Listing Agency:
Keller Williams Rlty Landmark
(516) 992-2888
Listed By:
Annie Hsu ([email protected])
Source:
Iaquintarealestate
Added: Jun 26
Changed: Aug 14
Last Checked: Aug 16 at 7:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
Retail Condo Unit 1A is a ground-floor commercial space within a modern mixed-use condominium building constructed in 2018. The offering is presented as approximately 9,748 square feet and is configured for a variety of commercial uses consistent with its zoning designation. The unit has previously been leased on a triple-net (NNN) basis, and the property is also described as benefiting from tax abatement in place through 2033.
The property is located at 158-15 Union Turnpike Unit #1A in Fresh Meadows, Queens, NY 11366. The building is positioned to serve walk-up demand, and the unit is described as providing strong visibility and pedestrian traffic. Access is noted as convenient to major roadways and public transportation, with nearby shopping destinations in the surrounding area.
For tenants, the unit’s R5D zoning is described as supporting a broad range of permitted uses, including retail, office, medical, and community facilities, among others, which can help accommodate different operational concepts. For investors and owner-users, the prior NNN leasing history and the stated tax abatement through 2033 are practical considerations when evaluating ongoing ownership and operating expense planning. The space is available for lease, and private tours can be arranged for qualified parties.
The property is located at 158-15 Union Turnpike Unit #1A in Fresh Meadows, Queens, NY 11366. The building is positioned to serve walk-up demand, and the unit is described as providing strong visibility and pedestrian traffic. Access is noted as convenient to major roadways and public transportation, with nearby shopping destinations in the surrounding area.
For tenants, the unit’s R5D zoning is described as supporting a broad range of permitted uses, including retail, office, medical, and community facilities, among others, which can help accommodate different operational concepts. For investors and owner-users, the prior NNN leasing history and the stated tax abatement through 2033 are practical considerations when evaluating ongoing ownership and operating expense planning. The space is available for lease, and private tours can be arranged for qualified parties.
Key Highlights
- Retail condo unit 1A in a mixed‑use building built in 2018
- Ground‑floor commercial space with approximately 9,748 SqFt
- Previously leased at $28,000 per month on a triple‑net (NNN) basis; cap rate approaching 9%
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
337k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 27%
Dining 23%
Apparel 20%
Shops & Services 16%
The Home Depot
Home Improvements & Furnishings
82,619 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
60,216 visits/mo
0.4 miles
Stop & Shop
Groceries
45,965 visits/mo
0.5 miles
Starbucks
Dining
25,178 visits/mo
0.4 miles
Shell
Shops & Services
25,168 visits/mo
0.5 miles
Demographics for 11366, NY
14,430
Population
4,915
Households
2.9
Avg Household Size
41
Median Age
52%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
9,620
Density / Sq Mi
$117,402
Median Household Income
$58,028
Median Earnings
$2,101
Median Rent
$950,200
Median Home Value
Market
Lease Benchmarks for Fresh Meadows, NY
$80.49 /SF/Yr
Avg Asking Price
$4.39–$667 /SF/Yr
Price Range
5,327 SF
Avg Space Size
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Modern 2018-built ground-floor retail condo with flexible use options in a mixed-use condominium setting.
Where is this retail space located?
The property is located at 158-15 Union Turnpike Unit #1A Fresh Meadows, NY.
What is the lease rate?
The lease rate is $3,990,000.
What are key features of this property?
This property features: Retail condo unit 1A in a mixed‑use building built in 2018; Ground‑floor commercial space with approximately 9,748 SqFt; Previously leased at $28,000 per month on a triple‑net (NNN) basis; cap rate approaching 9%
