154-01 Union Tpke Fresh Meadows, NY 11367
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Four-unit retail building, high traffic location.
Property size:
3,801 SFProperty Features for 154-01 Union Tpke
General Information
- Property type
- Individual retail properties
- Square Feet
- 3,801 SF
Building Details
- Year Built/Renovated
- 1950/2020
- Buildings
- 1
- Stories
- 1
- Units
- 4
Listing Agency: East Coast Realtors Listing Agent: Eric Li
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a four-unit retail building located at 154-01 Union Turnpike in Fresh Meadows, Queens, New York, 11367. The property boasts a total of 3,801 square feet of net rentable space, situated on a 5,430 square foot lot (60' x 90'). Originally built in 1950 and extensively renovated in 2020, the single-story building features a 15' roof. Three of the four units are equipped for restaurant use, making it ideal for a variety of food service businesses or other retail ventures. The property benefits from its prime corner location on Union Turnpike, ensuring high visibility and significant foot and car traffic. Its proximity to hospitals and St. John's University further enhances its appeal. The building is currently vacant, presenting a blank canvas for a new owner to customize and lease to tenants. The asking price is $3,625,000, representing a price per square foot of $953.70 and a pro-forma cap rate of 5.79%, with a pro-forma NOI of $210,024. The property is zoned R4/C1-2. This is a rare opportunity to acquire a well-located, renovated retail property in a thriving Queens neighborhood.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Fresh Meadows
- County
- Queens
- State
- New York
- Longitude
- -73.8097757
- Latitude
- 40.7199573
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FAQs
What type of property is this?
Individual retail property - Four-unit retail building, high traffic location.
Where is this individual retail property located?
The property is located at 154-01 Union Tpke Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $3,625,000.
What are key features of this property?
This property features: $3,625,000 asking price for a 3,801 square foot retail property.; Located at 154-01 Union Turnpike, Fresh Meadows, NY 11367.; Features four retail units, three with restaurant setups, in a 1-story, 3,801 square foot building on a 5,430 square foot lot.