108-14 Astoria Blvd Elmhurst, NY 11369
- Retail properties
- 35,600 SF
Current Use by Public Records
- Retail properties
Property Details for 108-14 Astoria Blvd
- Year built
- 1950
- Property size
- 35,600 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 35,600 square foot commercial land parcel, located at 108-14 Astoria Blvd in Elmhurst, Queens County, New York (zip code 11369), presents a lucrative redevelopment opportunity. Currently occupied by an Enterprise Rent-A-Car under a triple net lease generating $400,000 in annual income, the property offers significant upside potential. The site boasts a 100% occupancy rate and features a single, one-story building constructed in 1950. The property is zoned R7, allowing for substantial development. A key advantage is the inclusion of 102,000 square feet of air rights, significantly expanding the potential buildable area. The asking price for this prime Elmhurst location is $29,999,999. The property can be delivered vacant. This is a rare chance to acquire a high-income-producing asset with substantial future development potential in a rapidly growing area of New York City. The lot size is 35,600 square feet, matching the net rentable square footage of the existing building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmhurst
- County
- Queens
- State
- New York
- Longitude
- -73.8606
- Latitude
- 40.7602
