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    154-01 Union Tpke Fresh Meadows, NY 11367

    Sponsored
    For Sale
    $3,625,000

    Four-unit retail building, high traffic location.

    Property size:
    3,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • $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.
    • Built in 1950 and renovated in 2020, with R4/C1‑2 zoning and a 15‑foot roof.
    • Offers a pro‑forma cap rate of 5.79% and a pro‑forma NOI of $210,024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    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.
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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
    154-01 Union Tpke Fresh Meadows, NY 11367
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