Current Use by Public Records
- Day care centers
Property Details for 46-13 Utopia Pkwy
- Year built
- 1932
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents two retail spaces in Flushing, Queens, NY, at 46-13 Utopia Pkwy, zip code 11358. The combined property offers 980 square feet of retail space, currently leased to a single tenant. The asking price is $980,000, translating to $1,000 per square foot. Built in 1932, the property is zoned R3-2. The building comprises two stories; one unit includes a basement, while the other does not. This is a rare chance to acquire a well-situated, income-generating property in a high-traffic commercial area. The current tenant is responsible for all utilities, including gas, electricity, and water, minimizing owner expenses. Low taxes and insurance further enhance the investment potential. This property is ideal for investors seeking a stable, cash-flowing asset in a thriving Queens neighborhood. The location is easily accessible and benefits from high foot traffic, making it an attractive proposition for a variety of retail businesses. The property's history and current configuration offer a unique opportunity for long-term growth and return on investment. The dual-store setup provides diversification and potential for future expansion or lease renegotiation.
Value Estimations
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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
- -73.7922
- Latitude
- 40.7527
