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24502 S Conduit Ave 3,000 SF 100% Leased Retail Building Rosedale, NY 11422 $950,000 ($316.67/SF)
EXECUTIVE SUMMARY
The property sits on a 3,520-square-foot lot and is improved by a two-story, mixed-use building totaling approximately 3,000 square feet above grade. The structure features two residential apartments positioned above two ground-floor retail units, offering a versatile configuration suitable for both investors and owner-users.
Additionally the entire building will be delivered vacant, allowing future ownership complete flexibility to renovate, reposition, and re-lease the asset according to their investment goals. The asset is also further enhanced by on-site parking.
Strategically located along South Conduit Avenue, one of the primary corridors serving JFK Airport and linking to the Belt Parkway, the property benefits from exceptional visibility, strong vehicular traffic, and proximity to numerous neighborhood amenities. This location positions the building as an ideal candidate for long-term hold, value-add execution, or owner-operator use.
This offering presents a rare opportunity to acquire a fully vacant, well-configured mixed-use asset in a high-demand Queens submarket with meaningful upside potential.
Please direct all inquiries to Cushman & Wakefield.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
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- Finance and Insurance
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Over the past few decades focusing on customers and valuing people have helped Nationwide become one of the largest insurance and financial services companies in the world. Even though they have dozens of affiliated companies, people are their biggest resource. And their greatest asset in providing excellent customer service to their customers. That’s why their Procurement group makes sure their agents and associates get the best quality products and services, at the best possible cost. It’s also why they have an Office of Customer Relations.
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- Retailer
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Sunoco has grown from its humble roots as a small oil company in Pittsburgh, PA, to one of the largest fuel distribution companies in the United States. Sunoco’s rich, 130 plus-year heritage, legacy and reputation for innovation, and commitment to its local communities are foundational elements of this iconic American brand. Today, Sunoco distributes fuel to over 5,000 gas station locations in more than 30 states.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Finance and Insurance | - | - | - | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13614-0012 | Improvements Assessment | $82,350 |
| Land Assessment | $71,550 | Total Assessment | $153,900 |
PROPERTY TAXES
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24502 S Conduit Ave
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