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3626A UNION 3626A Union St 3,640 SF 100% Leased Retail Building Flushing, NY 11354 $3,180,000 ($873.63/SF) 6% Cap Rate
Executive Summary
Commercial Building for Sale!
Excellent investment opportunity in the heart of Flushing! This 3-story commercial property offers approximately 3,000 SF of interior space on a 1,500 SF lot (15.67 × 87.67), built in 1983 with C4-3 / R6 zoning. Generating an annual income of $200,000 with a cap rate of up to 6.01%, this property is ideal for investors seeking stable returns.
Strategically located near Northern Blvd, just a 5-minute walk to Main Street (7 train) and LIRR, with easy access to multiple bus lines for convenient commuting to Manhattan and throughout Queens. Surrounded by high foot traffic and established businesses including restaurants, retail shops, banks, and supermarkets.
Excellent investment opportunity in the heart of Flushing! This 3-story commercial property offers approximately 3,000 SF of interior space on a 1,500 SF lot (15.67 × 87.67), built in 1983 with C4-3 / R6 zoning. Generating an annual income of $200,000 with a cap rate of up to 6.01%, this property is ideal for investors seeking stable returns.
Strategically located near Northern Blvd, just a 5-minute walk to Main Street (7 train) and LIRR, with easy access to multiple bus lines for convenient commuting to Manhattan and throughout Queens. Surrounded by high foot traffic and established businesses including restaurants, retail shops, banks, and supermarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,640 SF
Year Built
1983
Price
$3,180,000
Price Per SF
$873.63
Cap Rate
6%
NOI
$190,800
Percent Leased
100%
Building Height
3 Stories
Opportunity Zone
Yes
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 5
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3626A UNION | 3626A Union St
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