Back to Search

Prime Fresh Meadows Retail Investment

158-15 Union Turnpike, Fresh Meadows, NY 11366

View on Map

For Sale

$5,990,000

SINGLE_FAMILY - Fresh Meadows, NY

Type:Retail

Property size:

15,308 SF

Lot size:

0.49 Acres

Price / SF:

$391/SF

HighLights

Potential for 10%+ Cap Rate with all units leased, offering strong returns.
Prime Fresh Meadows location with high visibility and excellent foot traffic.
Three retail storefront units totaling 15,308 SqFt in a well‑maintained, young (built in 2018) condo building.
Includes 20 indoor parking spaces, a valuable amenity.
R5D zoning allows for versatile uses, including retail, office, and community facilities.
Unit 1A is leased, while Units 1B and 1D are vacant, offering immediate occupancy or new leasing opportunities.

We can help!

Contact an agent

Annie Hsu

For Sale

$5,990,000

SINGLE_FAMILY - Fresh Meadows, NY

Type:Retail

Property size:

15,308 SF

Lot size:

0.49 Acres

Price / SF:

$391/SF

Added:: Jul 28, 2025
Days on Market:: 335
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 158-15 Union Turnpike

General Information

Property type: Residential
Property subtype: Retail
Zoning: R5D
Parking: 20
Parking features: Garage, Open
Standard status: Active
Size: 15,308 SF
Lot size: 0.49 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 37066

Utilities

Sewer type: Public Sewer
Heating system: Forced Air
Cooling system: Ductless
Water source: Public

Building Details

Year built: 2018
Floors in Building: 1
Number of units: 3
Building materials: Brick

We can help!

Contact an agent

Annie Hsu

Listing agent Annie Hsu License #10301207568

Listing office Keller Williams Rlty Landmark 3255 Francis Lewis Blvd, Flushing, NY

Listing date Jul 28, 2025

MLS# 893552

HighLights

Potential for 10%+ Cap Rate with all units leased, offering strong returns.
Prime Fresh Meadows location with high visibility and excellent foot traffic.
Three retail storefront units totaling 15,308 SqFt in a well‑maintained, young (built in 2018) condo building.
Includes 20 indoor parking spaces, a valuable amenity.
R5D zoning allows for versatile uses, including retail, office, and community facilities.
Unit 1A is leased, while Units 1B and 1D are vacant, offering immediate occupancy or new leasing opportunities.

Overview

Three retail storefront units (1A, 1B, 1D) totaling 15,308 SqFt are available for purchase in a well-maintained condo building. Located on the ground floor in a prime Fresh Meadows location, the property benefits from high visibility and excellent foot traffic. The offering includes 20 indoor parking spaces. Unit 1A is currently leased, while Units 1B and 1D are vacant, offering immediate occupancy or new leasing opportunities. The property is zoned R5D, allowing for a variety of uses, including retail, office, and community facilities, making it a versatile investment. Situated on a lot of 0.4892 acres, this property offers the potential for strong returns and long-term growth in a high-demand area. With all three units leased, this property offers the potential for a cap rate of 10%+

Property Profile Location Intelligence

Current Use by Public Records

Midea Air Conditioner ... Electronics & Wireless Store Midea Air Conditioning ... Big Box & Wholesale Store

Suggested Use

Similar Places Nearby

Lilac — 7511 Main St, Queens, NY 11367
Flowers 4 seasons — 75-47 Main St, Queens, NY 11367
Go Green Floral Design — 15311A Union Tpke, Flushing, NY 11367
Blooming Flowers — 72-30 Main St, Flushing, NY 11367

Location Insight

Map
Local Demand

City: Fresh Meadows
County: Queens
State: New York
Longitude: -73.86166
Latitude: 40.703722

Nearby Similar for Sale

$3,990,000

9,748 SF

Retail Condo in Fresh Meadows

9,748 SqFt commercial condo with tax abatement through 2033.

158-15 Union Turnpike, Fresh Meadows, NY 11366

View Details
$1,958,000

3,156 SF

New Two-Family Home, Fresh Meadows

New construction two-family home in Fresh Meadows with finished basement.

71-39 166th Street, Fresh Meadows, NY 11365

View Details
$2,288,888

Three-Unit Brick Income Property

Well-maintained 2004-built three-family with full kitchens and baths, offering off-street parking and strong rental versatility.

6152 170th Street, Fresh Meadows, NY 11365

View Details
$1,880,000

Updated Mixed-Use Building with Terrace

Three-story semi-detached building combines community facility space with two rental residences and a private terrace.

6111 159th Street, Fresh Meadows, NY 11365

View Details
$818,000

Newly Renovated Two-Story Multifamily Duplex

Newly renovated duplex offers flexible separate entrances, a private yard, and in-unit laundry—ideal for end-users and investors.

59-32 164th Street, Fresh Meadows, NY 11365

View Details
$2,180,000

Fresh Meadows Three-Family Corner Property

Three-family property in Fresh Meadows near transportation and amenities.

157-18 65th Avenue, Fresh Meadows, NY 11367

View Details
$1,300,000

1,632 SF

Fresh Meadows Two-Family Home

Detached two-family home on oversized lot in Fresh Meadows.

15833 73 Avenue, Fresh Meadows, NY 11366

View Details
$2,080,000

New Two-Family Home, Fresh Meadows

New construction two-family home in Fresh Meadows, modern design.

16428 77th Road, Fresh Meadows, NY 11366

View Details
$1,630,000

Renovated Two-Family Home, Fresh Meadows

Legal 2-family home in prime Fresh Meadows location.

5032 Utopia Parkway, Fresh Meadows, NY 11365

View Details
$1,298,000

Detached Two-Family Tudor Home

Well-maintained detached two-family Tudor with renovated kitchen and updated bathroom, plus finished basement flexibility.

50-24 194th Street, Fresh Meadows, NY 11365

View Details
$1,348,000

Well-Maintained Fresh Meadows Two-Family Home

Two-family home in Fresh Meadows with investment potential.

73-37 197th Street, Fresh Meadows, NY 11366

View Details
$1,298,000

Fresh Meadows Legal Two-Family Home

Legal two-family home in prime Fresh Meadows location.

7553 197th Street, Fresh Meadows, NY 11366

View Details

For sale
Storefront properties
NY
Fresh Meadows
11366
158-15 Union Turnpike

What type of property is this?

Storefront property - Three retail units with high visibility in Fresh Meadows.

Where is this storefront property located?

The property is located at 158-15 Union Turnpike Fresh Meadows, NY.

What is the asking price?

The asking price for this property is $5,990,000.

What are key features of this property?

This property features: Potential for 10%+ Cap Rate with all units leased, offering strong returns.; Prime Fresh Meadows location with high visibility and excellent foot traffic.; **Three retail storefront units totaling 15,308 SqFt** in a well‑maintained, young (built in 2018) condo building.

158-15 Union Turnpike, Fresh Meadows, NY 11366

SINGLE_FAMILY - Fresh Meadows, NY

Property Features for 158-15 Union Turnpike

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Retail Condo in Fresh Meadows

New Two-Family Home, Fresh Meadows

Three-Unit Brick Income Property

Updated Mixed-Use Building with Terrace

Newly Renovated Two-Story Multifamily Duplex

Fresh Meadows Three-Family Corner Property

Fresh Meadows Two-Family Home

New Two-Family Home, Fresh Meadows

Renovated Two-Family Home, Fresh Meadows

Detached Two-Family Tudor Home

Well-Maintained Fresh Meadows Two-Family Home

Fresh Meadows Legal Two-Family Home

FAQs