222-14 Linden Blvd Queens, NY 11411
This exceptional offering presents a unique opportunity to acquire a 10,000-square-foot vacant retail property situated on a 20,460-square-foot lot in Queens, NY. Located at 222-14 Linden Boulevard in Cambria Heights, this single-story building boasts a full blockfront presence on Linden Boulevard, offering 200 feet of prime frontage. The property, formerly occupied by Rite Aid for over 25 years, includes a substantial 30-car parking lot, a rare amenity in this area. The building features two curb cuts on Linden Boulevard, providing excellent accessibility. A significant advantage is the inclusion of a full 10,000-square-foot lower level with 9-foot ceilings, complete with an existing conveyor belt system. The property is fully sprinklered and zoned R3-2/C1-4. Built in 1948, this is a value-add opportunity for an owner-user, providing control of an entire blockfront in a thriving residential neighborhood. The location is highly desirable, directly across from Oak Street Health and near other major retailers such as McDonald's, Dunkin' Donuts, CVS, KFC, Speedway, and Food Bazaar. The asking price is $5,200,000, translating to $520 per square foot. The property will be delivered vacant on May 16, 2024. This is a truly exceptional opportunity to own a significant retail presence in a high-traffic area of Queens.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.