8718 Queens Blvd - Storefront Retail/Office FOR SALE


Elmhurst, NY 11373
$7,280,000 USD
646-529-6133
8718 Queens Blvd, Elmhurst, NY for Sale
$7,280,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

8718 Queens Blvd
Elmhurst, NY 11373


OVERVIEW

The CORNER BUILDING & PARKING LOT offering consists of two adjacent lots & commercial buildings combined at approx. 6100 SF development Lot , located on Corner of Queens Boulevard and 55 Street in Elmhurst Queens. This is a highly valuable corner lot buildings that presents great opportunities from its key location and visible frontage surrounding restaurants, banks, supermarkets, and Queens Mall Center with all Macy's & majors departments store. Situated in an R6, C1-3 zoning district, with max development potential of approx. 29280 sf, a rarely available corner lot for new development. Combined Lots Description Vacant Block/Lot Lot Dimensions (approx.) Lot Area (approx.) 6100SF Zoning R6 / C1-3 FAR - Residential 2.43 FAR - Facility Community 4.8 Max BSF(approx.) 29280 SF Real Estate Taxes $76,325.00 Total 3 commercial Tenants, 2 are month to month lease & one the lease will expire in 2 years.

FOR SALE DETAILS

PRICE

$7,280,000 USD

PRICE/SF

$2,159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R6

APN/PARCEL ID

02853-0011

ASK ABOUT THIS PROPERTY

Allen NgReliance Realty of Manhattan CorpMore Info
646-529-6133

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Allen NgReliance Realty of Manhattan CorpMore Info
646-529-6133

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