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    OFF-MARKET
    Warehouses

    58-01 Grand Ave, Maspeth, NY 11378

    52,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 52,000-square-foot industrial warehouse, located at 58-01 Grand Avenue in Maspeth, Queens, New York, presents a significant investment opportunity. Priced at $20,000,000, the property boasts a highly desirable M-1 zoning classification, offering considerable flexibility for a range of industrial uses. The building features three drive-in doors and three interior loading docks, ensuring efficient and convenient operations. Its strategic location in the heart of Maspeth provides unparalleled access to major transportation arteries and is situated just one block from a new Amazon distribution center, offering significant logistical advantages and proximity to a major e-commerce hub. The single-tenant occupancy provides a stable investment opportunity with potential for future growth. The property's substantial size and prime location make it an ideal asset for businesses seeking a robust and adaptable industrial space in a thriving commercial area. The 11378 zip code further enhances its appeal, placing it within a well-established and rapidly developing industrial corridor. This is a rare opportunity to acquire a significant industrial property in a highly sought-after location. The property's features and location combine to create a compelling investment proposition with strong potential for long-term appreciation.

    Property profile
    Verified
    Property type Warehouses
    Total area 52,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • United Basket Co (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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