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    38-39 Jct Blvd New York, NY 11368

    Sponsored
    For Lease
    $75 SF/Yr

    4,000 SF Retail Space - Jackson Heights

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000 square foot retail property, located at 38-39 Junction Boulevard in Jackson Heights, Queens, presents a unique investment opportunity. The ground floor space boasts 35 feet of frontage on Junction Boulevard and a depth of 115 feet, placing it within the busiest retail hub of this vibrant neighborhood. Currently configured as two units, the entire space is available, offering significant flexibility for a single tenant. The property's prime location offers unparalleled visibility and accessibility, with the #7 subway station conveniently located within walking distance. The R6/C2-2 zoning allows for a variety of commercial uses, making it an ideal investment for savvy entrepreneurs seeking a high-traffic location. The 4,000 square foot lot provides ample space for both storefront operations and potential outdoor displays or seating areas. This property is situated in Queens County, New York, with a zip code of 11368. Its strategic location and substantial size make it an attractive prospect for businesses seeking to establish a strong presence in a densely populated and commercially active area. The high foot traffic and proximity to public transportation ensure a steady stream of potential customers. This is a rare opportunity to acquire a significant retail space in a thriving Queens neighborhood. The property is currently vacant, allowing for immediate occupancy and customization to suit the needs of a new tenant.

    Property Features for 38-39 Jct Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    25000

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    4,000 SF
    Rate per SF
    $75

    HighLights

    • Commercial building at 38‑39 Junction Blvd, Jackson Heights, Queens.
    • 4,000 square foot lot and building.
    • Ground floor retail space.
    • R6/C2‑2 zoning.
    • 35' frontage on Junction Blvd, 115' deep.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    New York
    County
    Queens
    State
    New York
    Longitude
    -73.8690352
    Latitude
    40.7481411

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    FAQs

    What type of property is this?
    Retail property - 4,000 SF Retail Space - Jackson Heights
    Where is this retail property located?
    The property is located at 38-39 Jct Blvd New York, NY.
    What is the lease rate?
    The lease rate is $75 SF/Yr.
    What are key features of this property?
    This property features: Commercial building at 38-39 Junction Blvd, Jackson Heights, Queens.; 4,000 square foot lot and building.; Ground floor retail space.
    Request Owner's contact information
    38-39 Jct Blvd New York, NY 11368
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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
    38-39 Jct Blvd New York, NY 11368
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