58-94 Grand Ave Queens, NY 11378
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Specialty properties
Property Details for 58-94 Grand Ave
- Property type
- Specialty properties
- Property subtype
- Office Spaces
Description
This exceptional mixed-use property in Maspeth, Queens presents a unique redevelopment opportunity. Situated on a prominent corner lot at 58-94 Grand Avenue, this property boasts a total building size of 50' x 55' on a 52' x 96' lot, zoned M3-1. The existing structure comprises a 2,800 sq ft auto mechanic shop, 2,500 sq ft of office space, and a 1,875 sq ft two-family residential house with separate entrances, all under one deed. The property offers significant potential for expansion, with an additional 2,796 sq ft buildable area. The location is highly desirable, situated on a busy commercial strip on Grand Avenue between Flushing Avenue, directly across from the Q59 bus route. The property is conveniently located, offering easy access to Manhattan (approximately 10 minutes by car). The property can be delivered vacant, making it ideal for immediate redevelopment. Four parking spaces are available on-site. This is a single-tenancy property with an occupancy date of July 10, 2022, and is being offered as a 1031 exchange opportunity. The motivated seller encourages all offers. This is a truly exceptional opportunity for investors seeking a high-return, mixed-use investment in a prime Queens location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9085
- Latitude
- 40.7202
