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    58-01 Grand Ave Queens, NY 11378

    Sponsored
    For Lease
    Contact for pricing

    Prime Maspeth industrial space; immediate occupancy.

    Lot size:
    52,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 52,000-square-foot warehouse in Maspeth, Queens County, presents a rare opportunity for immediate occupancy. The single-tenant building boasts a highly desirable M1-1 zoning classification, offering significant flexibility for a variety of industrial uses. The property features three convenient drive-in doors and three interior loading docks, ensuring efficient loading and unloading operations. With four street frontages, the building enjoys excellent visibility and accessibility. The substantial size of the warehouse provides ample space for storage, manufacturing, or distribution activities. Located just one block from a new Amazon distribution center, this strategic location offers unparalleled access to major transportation routes and a thriving commercial hub. The annual property taxes are $180,000. This is an exceptional opportunity to acquire a well-situated, functional warehouse in a rapidly developing area. The property is ready for immediate use, eliminating the need for extensive renovations or upgrades. Its size, features, and location combine to create a compelling investment prospect. Don't miss this chance to secure a prime industrial asset in Maspeth.

    Property Features for 58-01 Grand Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    52,000 SF

    HighLights

    • 52,000 square feet of warehouse space.
    • Three drive‑in doors.
    • Three interior loading docks.
    • Four street frontages.
    • M1‑1 zoning.
    • Annual property taxes: $180,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Basket Co Gift Basket Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9110895
    Latitude
    40.7199294

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    FAQs

    What type of property is this?
    Distribution property - Prime Maspeth industrial space; immediate occupancy.
    Where is this distribution property located?
    The property is located at 58-01 Grand Ave Queens, NY.
    What are key features of this property?
    This property features: 52,000 square feet of warehouse space.; Three drive-in doors.; Three interior loading docks.
    Request Owner's contact information
    58-01 Grand Ave Queens, NY 11378
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    Queens, NY 11378
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    58-01 Grand Ave Queens, NY 11378
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