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Lower-Level Retail Space
For Lease
$2,500/Mo

131-48 40th Road #Lower Level, Flushing, NY 11355

Open commercial layout with recessed lighting, a built-in counter, and private split-unit air conditioning.

Space Size1,600 SF
Days on Market166

Property Features for 131-48 40th Road #Lower Level

General Information

Standard status Active
Size 1,600 SF
Net Rentable 1,600 SF
Lease Term 12 Months

Space & Availability

Available Space 1,600 SF
Contiguous Space 1,600 SF
Floor Lower Level
Space Use Office

Lease Terms

Lease Rate $2,500 /USD/MO
Monthly Rent $2,500
Rent per SF/Year $18.75

Additional Details

Public Transit Yes

Amenities

updated flooring
recessed lighting
built-in counter/bar area
private split-unit air conditioning system

Building Details

Building Size 1,600 SF
Listing Agency: Prime Realty
Listed By: Shirley Y. Chen
Source: Mydreamhomerealty
Added: Mar 17 Changed: Aug 28 Last Checked: Aug 28 at 11:31AM

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 Prime Realty

Investment Insights

Based on property information with market context.

This approximately 1,600-square-foot lower-level retail space features an open interior that can accommodate a range of permitted business uses. Improvements include updated flooring, recessed lighting, a built-in counter/bar area, and private split-unit air conditioning.

The property is located at 131-48 40th Road in Flushing, near active commercial corridors, public transportation, shops, and restaurants. The space is suited to office, studio, showroom, storage, or other permitted commercial uses.

Key Highlights

  • Approx. 1,600 Sq Ft lower‑level commercial space
  • Open‑layout interior for flexible permitted business uses
  • Updated flooring and recessed lighting

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.81 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,554
Businesses Nearby

Demographics for 11355, NY

89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value

Market

Lease Benchmarks for Flushing, NY

$84.64 /SF/Yr
Avg Asking Price
$7.61–$667 /SF/Yr
Price Range
5,396 SF
Avg Space Size

This space is priced 78% below the average of $84.64 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial layout with recessed lighting, a built-in counter, and private split-unit air conditioning.
Where is this retail space located?
The property is located at 131-48 40th Road #Lower Level Flushing, NY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Approx. 1,600 Sq Ft lower‑level commercial space; Open‑layout interior for flexible permitted business uses; Updated flooring and recessed lighting
More about this property
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