3648 Main St - Freestanding FOR SALE


Flushing, NY 11354- Downtown Flushing
$10,800,000 USD
917-709-9768
3648 Main St, Flushing, NY for Sale
$10,800,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

Mar '27


3648 Main St
Flushing, NY 11354
Downtown Flushing


OVERVIEW

Mehran Realty Group is pleased to exclusively offer for sale 36-48 Main Street, a rare opportunity to acquire a prominent commercial property located on Main Street in the heart of Downtown Flushing, one of New York City's most vibrant and rapidly expanding business districts. Positioned within the core of Flushing's central business district, the property benefits from unparalleled pedestrian traffic, exceptional visibility, and immediate access to mass transit, including the Flushing-Main Street subway station, Long Island Railroad, and numerous bus routes. The property presents a unique dual-purpose opportunity for both investors and developers. Ownership has the ability to deliver the property vacant upon expiration of existing tenancies in March 2027, allowing a purchaser to pursue a redevelopment strategy, owner-user occupancy, repositioning, or a complete re-tenanting of the asset. As available development sites along Main Street become increasingly scarce, this offering provides a rare opportunity to control a substantial footprint within one of the most supply-constrained commercial markets in New York City. Downtown Flushing continues to attract significant investment driven by strong demographics, continued residential growth, expanding office and medical sectors, and one of the most active retail corridors in the country. The property's strategic location places it among national retailers, major mixed-use developments, educational institutions, and a dense residential population that continues to fuel demand for commercial space. * Prime Main Street location in the center of Downtown Flushing * Ability to deliver the property vacant as of March 2027 * Exceptional redevelopment, repositioning, or owner-user opportunity * Significant frontage and visibility along one of New York City's busiest commercial corridors * Transit-oriented location with immediate access to subway, LIRR, and bus transportation * Strong underlying land value in a highly supply-constrained market * Surrounded by ongoing residential, commercial, and mixed-use development * Rare opportunity to acquire a generational asset with both current income and future development potential Whether pursuing a long-term investment strategy, redevelopment project, mixed-use conversion, or flagship commercial use, 36-48 Main Street offers investors and developers the ability to capitalize on the continued growth and transformation of Downtown Flushing.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$2,250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C4-2

APN/PARCEL ID

04971-0054

ASK ABOUT THIS PROPERTY

Alex MehranMehran Realty GroupMore Info
917-709-9768

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Alex MehranMehran Realty GroupMore Info
917-709-9768

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.