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    OFF-MARKET
    Retail properties & Spaces

    79-32 Metropolitan Ave, Queens, NY 11379

    9,100 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 79-32 Metropolitan Avenue in Middle Village, Queens, presents a unique investment opportunity. The 9,100 square foot building is currently vacant and offers versatile space ideal for a variety of uses, including medical offices, restaurants, retail establishments, or general office space. The property boasts high visibility due to its prime Metropolitan Avenue location. The building comprises two structures, featuring a 5,600 square foot warehouse, a 2,000 square foot mezzanine, 750 square feet of retail space, and a 750 square foot apartment. The building's zoning is R5 and C2-3, allowing for a range of potential uses. Additional features include a 20-foot roof height. The asking price is $2,798,000, translating to $307.47 per square foot. This property is perfect for a 1031 exchange. The block and lot number is 03780-0023. This is a rare opportunity to acquire a substantial, well-located property in a thriving Queens neighborhood. Don't miss out on this chance to own a piece of Middle Village's vibrant commercial landscape.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 9,100 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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