Log In/Sign Up
Your email has been sent.
12108 15th Ave 5,000 SF Retail Building College Point, NY 11356 $1,700,000 ($340/SF)
Investment Highlights
- Opportunity Zone for Redevolpment
- Heavy Foot traffic
- Retail With 10 Parking Spaces
Executive Summary
*This retail property in College Point represents a rare combination of immediate cash flow and high-upside development potential. Located in a designated Opportunity Zone, this site offers significant tax advantages for investors looking to deploy capital gains into a high-growth Queens corridor.Prime Commercial *Footprint: A versatile 1-story retail building currently operating as a well-established dry cleaners. The existing structure provides immediate utility or "as-is" rental income while you finalize your development plans.
*Opportunity Zone Advantage: Positioned within a Qualified Opportunity Zone, offering potential for federal tax deferral and elimination of capital gains tax on future appreciation—a massive incentive for long-term development.
*Opportunity Zone Advantage: Positioned within a Qualified Opportunity Zone, offering potential for federal tax deferral and elimination of capital gains tax on future appreciation—a massive incentive for long-term development.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$62,400
|
$12.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $62,400 |
| Annual Per SF | $12.48 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
1951
Price
$1,700,000
Price Per SF
$340
Tenancy
Single
Building Height
1 Story
Building FAR
0.90
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
C1-3/R4A - Positioned within a Opportunity Zone, offering potential for tax deferral and elimination of capital gains
Frontage
48’ on 15th Avenue
Amenities
- Corner Lot
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04076-0013 | Improvements Assessment | $89,730 |
| Land Assessment | $61,200 | Total Assessment | $150,930 |
Property Taxes
Parcel Number
04076-0013
Land Assessment
$61,200
Improvements Assessment
$89,730
Total Assessment
$150,930
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
East Coast NY Inc
12108 15th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.