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13412-13436 Northern Blvd
Flushing, NY 11354
Corner Retail Strip / Development Site · Retail Property For Sale
Investment Highlights
- Ideal rezoning opportunity, located within Flushing Waterfront Rezoning Special Waterfront District (AADT)
- Income producing investment with demolition clauses in place within all leases
- Superior retail location ideally situate steps from the highest paying retail corridor in Queens, on Main St
- Great exposure with 276 FT of frontage on Northern Blvd and Prince St and 50,000+ avg annual daily traffic (AADT)
- $1,200+ PSF sell-out pricing in surrounding Flushing luxury condominium market
- Convenient transportation just minutes from the 7-subway train and Long Island Railroad at Main St and Roosevelt Ave
Executive Summary
Corner commercial building with rezoning potential to develop up to 45,220 SF
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
40,000 SF
Building Class
C
Year Built
1938
Price
$14,000,000
Price Per SF
$350
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.96
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
M1-1 - Rezoning potential C4-2/R6
Parking
2 Spaces (0.12 Spaces per 1,000 SF Leased)
Frontage
242’ on Northern Boulevard
Amenities
- Bus Line
- Commuter Rail
- Freeway Visibility
- Metro/Subway
- Mezzanine
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 04967-0033 | Improvements Assessment | $570,260 |
| Land Assessment | $538,650 | Total Assessment | $1,108,910 |
Property Taxes
Parcel Number
04967-0033
Land Assessment
$538,650
Improvements Assessment
$570,260
Total Assessment
$1,108,910
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