13541 38th Avenue, Flushing, NY 11354

Flushing, Flushing, New York 11354

$5,800,000   $5,400,000  

Listing ID Number

25467

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 135-41 38th Avenue in Downtown Flushing, Queens.

135-41 38th Avenue is a single-unit vacant retail building located on the north side of 38th Avenue just west of Main Street. The building is approximately 2,108 square feet on one story and is built full to the lot.

The lot allows for up to 7,167 buildable square feet as of right for commercial/residential development, and up to 10,118 buildable square feet with a community facility bonus. The development rights at this property allows a potential investor or developer to capitalize on the rapidly growing demand for new construction retail and office space in Downtown Flushing.

This Flushing section of Main Street is one of the highest paying retail and office corridor in all of Queens where retail rents routinely exceed $150 per square foot and office rates can reach $60+ per square foot.

The 7 subway train is located two blocks south at Main Street / Roosevelt Avenue as well as the Flushing Main Street LIRR station. Multiple bus lines are available on Main Street including the Q20A, Q20B, Q44-SBS, and the Q48 at Roosevelt Avenue.

Property inspections are by appointment only, please inquire within.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites
Location:Downtown Flushing
Block/Lot:4974/45
Lot Dimensions:34 x 64
approx.
Lot Sq Ft:2,108
approx.
Buildable Sq. Ft:10,118
max
Stories:1
Units:1
Zoning:C4-2 / C4-3
FAR:3.4 / 4.8
as of right / max
Building Sq Ft:2,108

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Vice Chairman
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.