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    38-39 Junction Blvd Jackson Heights, NY 11368

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    For Sale
    Contact for pricing

    Prime Jackson Heights storefront, 4,000 sq ft.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 4,000 square foot ground floor retail property ideally situated in the bustling heart of Jackson Heights, Queens. The property, located at 38-39 Junction Boulevard, boasts a prominent 35-foot frontage on this high-traffic retail corridor, extending 115 feet deep. Currently occupied by two tenants – a mattress retailer and a women's apparel store – this dual-unit space offers immediate income potential. The convenient location is a short walk from the #7 subway entrance, ensuring high visibility and accessibility for customers. The property sits on a 4,000 square foot lot and is zoned R6/C2-2, providing flexibility for a variety of retail uses. With a land value of $75 per square foot, this presents a strong return on investment for savvy buyers. The building is a single-story commercial structure, offering easy access and management. This prime location within Jackson Heights' busiest retail hub makes this an exceptional opportunity for investors seeking a high-return, established commercial property in a thriving neighborhood. The property's size, location, and zoning make it an attractive proposition for a wide range of retail businesses.

    Property Features for 38-39 Junction Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF

    Building Details

    Units
    2

    HighLights

    • 4,000 SF ground floor retail building in Jackson Heights, Queens.
    • Located at 38‑39 Junction Boulevard, with 35' frontage on a high‑traffic retail corridor.
    • 4,000 SF lot.
    • Single‑story building.
    • R6/C2‑2 zoning.
    • Currently occupied with two tenants, offering immediate income.
    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
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -73.8690352
    Latitude
    40.7481411

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    FAQs

    What type of property is this?
    Individual retail property - Prime Jackson Heights storefront, 4,000 sq ft.
    Where is this individual retail property located?
    The property is located at 38-39 Junction Blvd Jackson Heights, NY.
    What are key features of this property?
    This property features: 4,000 SF ground floor retail building in Jackson Heights, Queens.; Located at 38-39 Junction Boulevard, with 35' frontage on a high-traffic retail corridor.; 4,000 SF lot.
    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
    38-39 Junction Blvd Jackson Heights, NY 11368
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