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    OFF-MARKET
    Retail properties & Spaces

    30-41 31St St, Queens, NY 11102

    Property ID
    Property summary
    AI-generated overview

    This exceptional 800-square-foot retail space is ideally situated in the heart of Astoria, Queens County. The property is a brand-new, single-tenant unit boasting floor-to-ceiling glass windows, providing excellent street visibility and natural light. A convenient bathroom is included within the space. A significant advantage is the building's 35-year tax abatement, eliminating property taxes for the duration. This presents a unique opportunity for substantial cost savings. Above the retail space are residential apartments, ensuring a vibrant and active surrounding environment. For businesses requiring additional space, there's an adjacent 1,000-square-foot area zoned for community facility use, available for lease if needed. This presents a rare chance to secure a prime retail location with significant long-term financial benefits and potential for expansion. The property's strategic location in Astoria, combined with its modern features and tax advantages, makes it an exceptional investment opportunity. The building's unique combination of residential and commercial spaces creates a dynamic and thriving atmosphere. This space is perfect for a variety of retail businesses seeking a high-visibility location in a bustling neighborhood.

    Property profile
    Verified
    Property type Retail properties & Spaces
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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