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    58-01 Grand Ave Maspeth, NY 11378

    Sponsored
    For Sale
    $20,000,000

    52,000 SF Warehouse, $20M, M-1 Zoning

    Property size:
    52,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 52,000-square-foot industrial warehouse, located at 58-01 Grand Avenue in Maspeth, Queens, New York, presents a significant investment opportunity. Priced at $20,000,000, the property boasts a highly desirable M-1 zoning classification, offering considerable flexibility for a range of industrial uses. The building features three drive-in doors and three interior loading docks, ensuring efficient and convenient operations. Its strategic location in the heart of Maspeth provides unparalleled access to major transportation arteries and is situated just one block from a new Amazon distribution center, offering significant logistical advantages and proximity to a major e-commerce hub. The single-tenant occupancy provides a stable investment opportunity with potential for future growth. The property's substantial size and prime location make it an ideal asset for businesses seeking a robust and adaptable industrial space in a thriving commercial area. The 11378 zip code further enhances its appeal, placing it within a well-established and rapidly developing industrial corridor. This is a rare opportunity to acquire a significant industrial property in a highly sought-after location. The property's features and location combine to create a compelling investment proposition with strong potential for long-term appreciation.

    Property Features for 58-01 Grand Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    52,000 SF

    HighLights

    • 52,000 SF building.
    • Three drive‑in doors.
    • Three interior loading docks.
    • M‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Basket Co Gift Basket Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.9110895
    Latitude
    40.7199294

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    FAQs

    What type of property is this?
    Distribution property - 52,000 SF Warehouse, $20M, M-1 Zoning
    Where is this distribution property located?
    The property is located at 58-01 Grand Ave Maspeth, NY.
    What is the asking price?
    The asking price for this property is $20,000,000.
    What are key features of this property?
    This property features: 52,000 SF building.; Three drive-in doors.; Three interior loading docks.
    Request Owner's contact information
    58-01 Grand Ave Maspeth, NY 11378
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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
    58-01 Grand Ave Maspeth, NY 11378
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