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    255-01 Un Tpke Queens, NY 11004

    Sponsored
    For Lease
    Contact for pricing

    Prime Queens location, multiple suites available.

    Lot size:
    187,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Glen Oaks Shopping Center presents a unique investment opportunity in Queens County, New York. This established retail and medical office complex, totaling 187,650 square feet, offers a diverse range of spaces for lease. The property comprises three buildings situated on a 21.23-acre lot, strategically located near the Queens-Nassau County border at 255-01 Union Tpke, Queens, NY 11004. Originally constructed in 1948 and extensively renovated in 1995, the property boasts a total of 5 suites across its five stories. Spaces range from a minimum of 251 square feet to a maximum contiguous area of 6,500 square feet, catering to various business needs. Currently, 17,941 square feet are available for lease. Ample parking is provided with 609 spaces. The property's prime location and substantial size make it an ideal investment for businesses seeking a well-established presence in a thriving community. The property's history and recent renovations ensure a blend of character and modern functionality. This multi-tenant property offers a strong potential for rental income and long-term growth. The property's convenient location and extensive parking make it attractive to both tenants and customers.

    Property Features for 255-01 Un Tpke

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    187,650 SF

    Building Details

    Year Built/Renovated
    1948/1995
    Buildings
    3
    Stories
    52

    Unit(s) available at that property

    Space
    Ground Floor Retail Space
    Size
    6,500 SF
    Space
    Corner Ground Floor and Lower Level Retail Space
    Size
    4,748 SF
    Space
    Corner Ground Floor and Lower Level Retail Space
    Size
    1,381 SF
    Space
    Corner Ground Floor and Lower Level Retail Space
    Size
    5,061 SF
    Space
    Corner Ground Floor and Lower Level Retail Space
    Size
    251 SF

    HighLights

    • Excellent public transit access: Served by four bus lines (Q46, QM5, QM6, QM8).
    • Recently completed multi‑million dollar façade renovation.
    • Three‑building, open‑air shopping center spanning five city blocks in Northeast Queens.
    • Prime Union Turnpike location, providing easy access to Long Island.
    • Convenient access to major roadways: Littleneck, Cross Island, Grand Central Parkways, and I‑495 (LIE).
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Drug Store Western Union Money Transfer Service higi Health Consultant Glen Oaks Shopping ... Shopping Mall

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.7156514
    Latitude
    40.7457845

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    FAQs

    What type of property is this?
    Medical office - Prime Queens location, multiple suites available.
    Where is this medical office located?
    The property is located at 255-01 Un Tpke Queens, NY.
    What are key features of this property?
    This property features: Excellent public transit access: Served by four bus lines (Q46, QM5, QM6, QM8).; Recently completed multi-million dollar façade renovation.; Three-building, open-air shopping center spanning five city blocks in Northeast Queens.
    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
    255-01 Un Tpke Queens, NY 11004
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