138-18 Northern Blvd Queens, NY 11354
This exceptional retail opportunity is located at 138-18 Northern Blvd in Flushing, NY. The property features a total of 24,961 square feet of vacant space, spread across two levels: 16,228 square feet on the first floor and 8,733 square feet in the lower level. The first floor boasts impressive storefront visibility and 16 feet, 2-inch ceiling height (slab to slab), while the lower level offers 13 feet, 6-inch ceilings (slab to slab). Built in 2025, this property sits on a 43,313 square foot lot and is zoned R6, C1-2. Its strategic location directly across from Flushing High School ensures high foot traffic and visibility. The property benefits from its proximity to Main Street, numerous bus stops, the Flushing-Main St 7 train station, and the Long Island Rail Road (LIRR), providing exceptional accessibility. Furthermore, the building's advantageous position above hundreds of high-end residential units and a basement with hundreds of parking spaces enhances its appeal. Ideal for a variety of uses, including large supermarkets, retail shops, food courts, or large-scale entertainment venues such as a children's play area. This is a rare opportunity to secure a prominent retail space in a thriving Flushing location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.