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    152-06 Northern Boulevard flushing, NY 11354

    Sponsored
    For Sale
    Contact for pricing

    High-growth potential, corner lot, NNN lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 100% occupied, single-tenant gas station situated on a 5,648 sq ft corner lot in Flushing, Queens, NY (zip code 11354). The property, located at 152-06 Northern Blvd, boasts a prime location with minimal competition, ensuring high visibility and strong growth potential. Built in 1931 and renovated in 2011, this one-story building is zoned R5B, C2-2, offering flexibility for future expansion. The gas station features four fuel pumps and four service lifts, and is equipped with new tanks. The convenience store-ready layout provides ample space for future development. The property operates under a triple net (NNN) lease with a corporate guarantee, providing a secure and stable income stream. The current cap rate is 5.00%. There is no existing petroleum contract, allowing for flexibility in fuel sourcing and distribution partnerships. This owner-user redevelopment opportunity is ideal for investors seeking a strong return in a high-demand market. The property's strategic location and versatile zoning make it an attractive proposition for both short-term and long-term growth.

    Property Features for 152-06 Northern Boulevard

    General Information

    Property type
    Automotive properties

    Building Details

    Year Built/Renovated
    1931/2011
    Stories
    1

    HighLights

    • Retail gas station investment opportunity in Flushing, Queens, NY.
    • NNN lease, 100% occupancy, corporate guarantee.
    • 5.00% cap rate, 5,648 sq ft lot, 4 gas pumps.
    • Year built 1931, renovated 2011, R5B, C2‑2 zoning.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    flushing
    County
    36081
    State
    New York
    Longitude
    -73.8127052
    Latitude
    40.7648325

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    FAQs

    What type of property is this?
    Automotive property - High-growth potential, corner lot, NNN lease.
    Where is this automotive property located?
    The property is located at 152-06 Northern Boulevard flushing, NY.
    What are key features of this property?
    This property features: Retail gas station investment opportunity in Flushing, Queens, NY.; NNN lease, 100% occupancy, corporate guarantee.; 5.00% cap rate, 5,648 sq ft lot, 4 gas pumps.
    Request Owner's contact information
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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
    152-06 Northern Boulevard flushing, NY 11354
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