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206-04-206-24 Hillside Ave
Queens Village, NY 11427
Block Front Retail Strip with Air Rights · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Heavy traffic intersection
  • Opportunity for future redevelopment

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
20,800 SF
Building Class
C
Year Built
1931
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.91
Lot Size
0.53 AC
Zoning
C1-2 / R4 - Mixed-Use
Parking
17 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
205’ on HIllside Ave

ABOUT 206-04-206-24 HILLSIDE AVE , QUEENS VILLAGE, NY 11427

Cushman & Wakefield has been retained on an exclusive basis for the sale of 206-02 to 206-24 Hillside Avenue in Queens Village, Queens. The property is a single-story blockfront retail strip at the southeast corner of Francis Lewis Boulevard and Hillside Avenue with on-site parking, air rights, and ability to increase rents in the near term. The building consists of approximately 13,850 square feet on the ground floor and a rentable lower level of 6,950 square feet for the Indian Restaurant. The building has seven total commercial units of which currently six units are occupied. The corner unit at 206-02 Hillside Avenue is occupied by a national tenant. All leases provide a flexible path to vacancy if needed for a developer. Additionally the current zoning allows for a max 2.0 FAR. This location at Hillside Avenue and Francis Lewis Boulevard is highly frequented and sees traffic counts of over 30,000 cars daily. Across the street is the Franhill Plaza shopping center including national retailers such as Foodtown, McDonald’s, Dunkin Donuts, the UPS Store, and Chase Bank. Other national retailers along this corridor include Subway, TD Bank, and Popeye’s. It is located a quarter mile from the Clearview Expressway / Grand Central Parkway. The Long Island Rail Road at Queens Village and Hollis are both located approximately one mile away. Additionally the Q1, Q36, Q43, Q77, and X68 buses are accessible across the street. Property inspections are by appointment only, please inquire with exclusive brokers.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10581-0001
Land Assessment
$774,000
Improvements Assessment
$986,191
Total Assessment
$1,760,191
  • Listing ID: 18681087

  • Date on Market: 2/28/2020

  • Last Updated:

  • Address: 206-04-206-24 Hillside Ave, Queens Village, NY 11427

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