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    218-25 Hempstead Ave Queens, NY 11429

    Sponsored
    For Lease
    Contact for pricing

    Queens Retail Space: 1,248 - 13,000 SF Available

    Lot size:
    14,428 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 218-25 Hempstead Avenue in Queens, New York, offers a prime opportunity for businesses seeking flexible and spacious commercial space. The property boasts a total of 14,428 square feet, with a significant 14,248 square feet currently vacant and available for lease. Multiple tenancy options are available, accommodating businesses requiring anywhere from a minimum of 1,248 square feet to a maximum contiguous space of 13,000 square feet. This allows for considerable flexibility in tailoring the space to meet diverse business needs. The property is zoned R3-2/C2-3, providing a wide range of permitted uses within Queens County. The address is conveniently located at 218-25 Hempstead Avenue, Queens, NY 11429, offering excellent visibility and accessibility for customers and employees. This is an exceptional opportunity to establish or expand your business in a thriving Queens location. The property's size and flexible lease options make it ideal for a variety of retail ventures. Contact us today to learn more about this exciting opportunity and to schedule a viewing.

    Property Features for 218-25 Hempstead Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,428 SF

    Unit(s) available at that property

    Space
    1st Floor
    Size
    13,000 SF
    Space
    2nd Floor
    Size
    1,248 SF

    HighLights

    • Former Rite‑Aid Pharmacy Building
    • High‑visibility corner lot
    • Suitable for a variety of uses including educational, medical, automotive, parking, office, or distribution.
    • 20‑foot ceilings
    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.7371155
    Latitude
    40.7140373

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    FAQs

    What type of property is this?
    Retail property - Queens Retail Space: 1,248 - 13,000 SF Available
    Where is this retail property located?
    The property is located at 218-25 Hempstead Ave Queens, NY.
    What are key features of this property?
    This property features: Former Rite-Aid Pharmacy Building; High-visibility corner lot; Suitable for a variety of uses including educational, medical, automotive, parking, office, or distribution.
    Request Owner's contact information
    218-25 Hempstead Ave Queens, NY 11429
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    Queens, NY 11429
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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
    218-25 Hempstead Ave Queens, NY 11429
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