65-17 68 Ave Queens, NY 11385

Property Details for 65-17 68 Ave

Year built

1930

Property size

9,600 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This 9,600-square-foot industrial warehouse in Glendale, Queens, presents a compelling value-add opportunity. Built in 1930 and renovated in 2019, the property boasts a single-story, 10,000-square-foot lot with a 16-foot ceiling height (13 feet under beams). The building features two separate warehouse spaces divided by a fully renovated office area complete with cubicles, private offices, and a break room. All existing office furniture and build-outs are included. A small basement storage area provides additional space. The property is zoned M1, allowing for various uses including manufacturing, light assembly, repair, storage, distribution, and showroom space. Significant potential exists for expansion, with 4,300 square feet of unused floor area ratio (FAR) allowing for the addition of another story. Various manufacturing equipment is included in the sale, with a full inventory list available upon request. Comprehensive plans for electrical, HVAC, plumbing, and sprinklers, along with a survey, are also available. Located 3.5 blocks from the Fresh Pond M subway station and the B13/B20 bus stop, and approximately two miles from the Long Island Expressway and Jackie Robinson Parkway, this property offers excellent access to Manhattan and Long Island. Annual property taxes are $43,342. The asking price is $4,528,000.