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Maspeth Light Industrial Redevelopment Opportunity
For Sale
$1,495,000

5438 46th St, Queens, NY 11378

Prime light industrial land for redevelopment in Maspeth, Queens.

Property Size800 SF
Lot Size0.08 Acres
Price / SF$1,868
Days on Market142

Property Features for 5438 46th St

General Information

Standard status Active
Size 800 SF
Lot size 0.08 Acres
Property subtype Industrial

Taxes and HOA fees

Annual Taxes $3,989

Building Details

Building Size 800 SF
Year Built 1901
Listing Agency: Keller Williams Realty
Listed By: John J. Ricco · License #10301223525
Source: Elliman
Added: Apr 10 Changed: Aug 16 Last Checked: Aug 29 at 1:44PM

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 Realty

Investment Insights

Based on property information with market context.

This property presents a rare opportunity for light industrial redevelopment in the heart of Maspeth. The site is situated on a 3,400 square foot lot with dimensions of 40 feet by 85 feet. It is zoned M2-1, offering a maximum buildable potential of approximately 6,800 square feet, based on a Floor Area Ratio (FAR) of 2.0. Currently, an 800 square foot structure exists on the property. This location is suitable for constructing a custom warehouse, distribution center, or light manufacturing facility. The property benefits from strategic access to major transportation routes. The property will be delivered vacant. All redevelopment potential should be independently verified by a licensed architect or zoning expert. The location has a bike score of 80, indicating it is very bikeable, and a walk score of 80, indicating it is very walkable. The transit score is 78, indicating excellent transit options.

Key Highlights

  • Prime light industrial redevelopment opportunity in Maspeth.
  • M2‑1 zoning allows for a maximum buildable area of approximately 6,800 sq. ft.
  • Strategic location with exceptional access to major transport arteries.

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

4,460
Businesses Nearby

Demographics for 11378, NY

38,288
Population
14,522
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
15,953
Density / Sq Mi
$84,762
Median Household Income
$52,281
Median Earnings
$1,932
Median Rent
$832,700
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - Prime light industrial land for redevelopment in Maspeth, Queens.
Where is this industrial land located?
The property is located at 5438 46th St Queens, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime light industrial redevelopment opportunity in Maspeth.; M2‑1 zoning allows for a maximum buildable area of approximately 6,800 sq. ft.; Strategic location with exceptional access to major transport arteries.
More about this property
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