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Property profile

71-32 Myrtle Ave Queens, NY 11385

OFF-MARKET
Retail properties & Spaces
5,000 SF
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Property summary

AI-generated overview

This exceptional 5,000-square-foot retail space is ideally situated at the bustling intersection of Myrtle and Cooper Avenues, conveniently located near Jackie Robinson Parkway. Previously utilized as a pharmacy, this former warehouse boasts a column-free layout, offering a versatile and expansive interior. The single-tenant space features approximately 40 x 125 dimensions, encompassing 500 square feet of dedicated office space. The property includes a functional HVAC system and a security alarm system for enhanced peace of mind. The building is a single-story structure with ample power (400 amps) readily available. Its zoning classification (R5D, R4-1, C2-3) in Queens County's Glendale submarket (Ridgewood cluster) allows for a variety of uses, making it suitable for a medical center, urgent care facility, various office configurations, or other retail ventures. The property is identified as Block 3710, Lot 20 and carries an annual tax assessment of $38,476. This high-visibility location offers significant potential for a wide range of businesses seeking a prominent presence in a thriving commercial area. The property's size and adaptability make it an attractive opportunity for entrepreneurs and established businesses alike.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

71-32 Myrtle Ave Queens, NY 11385
Queens metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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