Current Use by Public Records
- Retail properties & Spaces
Property Details for 76-02 21St Ave
- Year built
- 1939
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional corner property in Astoria Heights, Queens, presents a unique investment opportunity. The 8,492 square foot building, constructed in 1939 and extensively renovated in 2013, sits on an 8,500 square foot lot and boasts 180 feet of wraparound frontage. Currently housing six diverse retail units – including a laundromat, restaurant/bar, deli, party hall, and social club – the property offers immediate rental income. The building is zoned R4, C1-2, providing flexibility for future uses. Its prime location benefits from high pedestrian traffic and convenient access to airport and parkway exits. The sale is structured as a sale/leaseback, offering the buyer the option of taking possession of the entire building vacant upon closing. This presents an unparalleled opportunity for an end-user or for repositioning the property to maximize its potential. The single-story building provides easy access and management. This is a rare chance to acquire a cornerstone commercial property in a thriving, culturally diverse neighborhood with significant growth potential. The asking price is $5,500,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8936
- Latitude
- 40.7704
