58-01 Grand Ave Queens, NY 11378
This exceptional 52,000-square-foot warehouse in Maspeth, Queens County, presents a rare opportunity for immediate occupancy. The single-tenant building boasts a highly desirable M1-1 zoning classification, offering significant flexibility for a variety of industrial uses. The property features three convenient drive-in doors and three interior loading docks, ensuring efficient loading and unloading operations. With four street frontages, the building enjoys excellent visibility and accessibility. The substantial size of the warehouse provides ample space for storage, manufacturing, or distribution activities. Located just one block from a new Amazon distribution center, this strategic location offers unparalleled access to major transportation routes and a thriving commercial hub. The annual property taxes are $180,000. This is an exceptional opportunity to acquire a well-situated, functional warehouse in a rapidly developing area. The property is ready for immediate use, eliminating the need for extensive renovations or upgrades. Its size, features, and location combine to create a compelling investment prospect. Don't miss this chance to secure a prime industrial asset in Maspeth.
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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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.