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Three-Store Strip Center
For Sale
$8,500,000

16024 Northern Boulevard, Flushing, NY 11358

Existing retail configuration with rear parking and additional air rights.

Property Size3,895 SF
Lot Size0.19 Acres
Price / SF$2,182
Days on Market115

Property Features for 16024 Northern Boulevard

General Information

Standard status Active
Size 3,895 SF
Total Parking Spaces 20
Lot size 0.19 Acres
Property subtype Retail
Zoning CI-5/R5B
Net Operating Income $335,492

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $85,248

Building Details

Building Size 3,895 SF
Year Built 1942
Tenancy Multi
Listing Agency: RE/MAX 1st Choice
Listed By: Duckjae Lee · License #10301203331
Source: Yourhomesoldguaranteedrealty-therealmccoyteam
Added: May 7 Changed: Aug 28 Last Checked: Aug 25 at 8:12AM

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 RE/MAX 1st Choice

Investment Insights

Based on property information with market context.

This three-store retail property was built in 1942 and contains a 3,895-square-foot building on an 8,470-square-foot lot. The layout includes three storefronts, while the rear parking area measures 4,575 square feet and accommodates 20 cars.

The property is located at 16024 Northern Boulevard in Flushing, New York. Air rights for an additional 8.809 SF are included, providing a documented expansion component associated with the site.

Key Highlights

  • Three retail storefronts in a strip‑center configuration
  • 3,895 SF building on an 8,470 SF lot
  • Rear parking area measures 4,575 SF and accommodates 20 cars

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Parking Lot & Garage Nursing Home HVAC Service Tech Support Center Hotel & Motel Computer & Electronic Repair

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,621
Businesses Nearby
115k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 49% Shops & Services 25% Groceries 22% Electronics 3%
Taco Bell Dining
30,574 visits/mo 0.2 miles
Key Food Marketplace Groceries
24,912 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
12,889 visits/mo 0.2 miles
Sunoco Shops & Services
9,107 visits/mo 0.3 miles
Mobil Shops & Services
7,346 visits/mo 0.2 miles

Demographics for 11358, NY

40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Existing retail configuration with rear parking and additional air rights.
Where is this strip mall located?
The property is located at 16024 Northern Boulevard Flushing, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Three retail storefronts in a strip‑center configuration; 3,895 SF building on an 8,470 SF lot; Rear parking area measures 4,575 SF and accommodates 20 cars
More about this property
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