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    71-32 Myrtle Ave Queens, NY 11385

    For Lease
    $30 SF/Yr ($12,500 /Mo)

    Prime Glendale retail space, 5,000 sq ft, high visibility.

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,000-square-foot retail space is ideally situated at the bustling intersection of Myrtle and Cooper Avenues, conveniently located near Jackie Robinson Parkway. Previously utilized as a pharmacy, this former warehouse boasts a column-free layout, offering a versatile and expansive interior. The single-tenant space features approximately 40 x 125 dimensions, encompassing 500 square feet of dedicated office space. The property includes a functional HVAC system and a security alarm system for enhanced peace of mind. The building is a single-story structure with ample power (400 amps) readily available. Its zoning classification (R5D, R4-1, C2-3) in Queens County's Glendale submarket (Ridgewood cluster) allows for a variety of uses, making it suitable for a medical center, urgent care facility, various office configurations, or other retail ventures. The property is identified as Block 3710, Lot 20 and carries an annual tax assessment of $38,476. This high-visibility location offers significant potential for a wide range of businesses seeking a prominent presence in a thriving commercial area. The property's size and adaptability make it an attractive opportunity for entrepreneurs and established businesses alike.

    Property Features for 71-32 Myrtle Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Total Rate
    12500

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $30

    HighLights

    • 5,000 SF retail space, single‑tenant occupancy.
    • Located at the intersection of Myrtle & Cooper Avenues, near Jackie Robinson Parkway.
    • Features 500 SF of office space, HVAC, alarm system, and is column‑free.
    • Approximately 40' x 125' dimensions.
    • Zoned R5D, R4‑1, C2‑3; Queens County, Glendale submarket, Ridgewood submarket cluster.
    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
    -73.878796
    Latitude
    40.701815

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    FAQs

    What type of property is this?
    Retail property - Prime Glendale retail space, 5,000 sq ft, high visibility.
    Where is this retail property located?
    The property is located at 71-32 Myrtle Ave Queens, NY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF retail space, single-tenant occupancy.; Located at the intersection of Myrtle & Cooper Avenues, near Jackie Robinson Parkway.; Features 500 SF of office space, HVAC, alarm system, and is column-free.
    Request Owner's contact information
    71-32 Myrtle Ave Queens, NY 11385
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    Queens, NY 11385
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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
    71-32 Myrtle Ave Queens, NY 11385
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