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80-12 51st Ave 3,500 SF Industrial Building Elmhurst, NY 11373 $2,800,000 ($800/SF) 6.30% Cap Rate



Executive Summary
Commercial building for sale in the heart of Elmhurst, Queens.
The property sits on an approximately **5,300 square feet lot**, with an existing **3,500 square feet warehouse and office building**, featuring **2 roll-up doors** and **4 parking spaces** — ideal for truck access, storage, distribution, or business operations.
The current cap rate is approximately **6.3%**, with strong future upside. Preliminary architectural plans are available for approximately **12,000 square feet of total buildable area**, with potential for building a mixed use building for residential, commercial, or community facility use.
The location offers excellent exposure on **Queens Boulevard**, making it suitable for a wide range of uses, including retail, food and beverage, wholesale, warehouse, office, medical, school, religious, residential, and more.
Transportation is another major advantage. The property has immediate access to **I-495, I-278, and I-678**, is close to the **E, F, M, and R subway lines**, approximately **15 minutes to LaGuardia Airport**, and about **30 minutes to JFK Airport**.
For investors, owner-users, developers, or businesses looking for a freestanding Queens property with parking, roll-up doors, existing income, and expansion potential — this Elmhurst opportunity is worth a serious look.
For more information, rent roll, preliminary plans, or to schedule a private showing, contact me today.
All information, including zoning, buildable square footage, income, expenses, and permitted uses, should be independently verified by the buyer and buyer’s professionals.
The property sits on an approximately **5,300 square feet lot**, with an existing **3,500 square feet warehouse and office building**, featuring **2 roll-up doors** and **4 parking spaces** — ideal for truck access, storage, distribution, or business operations.
The current cap rate is approximately **6.3%**, with strong future upside. Preliminary architectural plans are available for approximately **12,000 square feet of total buildable area**, with potential for building a mixed use building for residential, commercial, or community facility use.
The location offers excellent exposure on **Queens Boulevard**, making it suitable for a wide range of uses, including retail, food and beverage, wholesale, warehouse, office, medical, school, religious, residential, and more.
Transportation is another major advantage. The property has immediate access to **I-495, I-278, and I-678**, is close to the **E, F, M, and R subway lines**, approximately **15 minutes to LaGuardia Airport**, and about **30 minutes to JFK Airport**.
For investors, owner-users, developers, or businesses looking for a freestanding Queens property with parking, roll-up doors, existing income, and expansion potential — this Elmhurst opportunity is worth a serious look.
For more information, rent roll, preliminary plans, or to schedule a private showing, contact me today.
All information, including zoning, buildable square footage, income, expenses, and permitted uses, should be independently verified by the buyer and buyer’s professionals.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,800,000 | Lot Size | 0.12 AC |
| Price Per SF | $800 | Rentable Building Area | 3,500 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.30% | Year Built | 1961 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.14/1,000 SF |
| Building Class | C | Clear Ceiling Height | 15’ |
| Zoning | R4, C1-2 - R4, C1-2:up to 12,000 sf buildable with combination of Commercial, Residential Units and Community Facility. | ||
| Price | $2,800,000 |
| Price Per SF | $800 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.30% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.12 AC |
| Rentable Building Area | 3,500 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Tenancy | Single |
| Parking Ratio | 1.14/1,000 SF |
| Clear Ceiling Height | 15’ |
| Zoning | R4, C1-2 - R4, C1-2:up to 12,000 sf buildable with combination of Commercial, Residential Units and Community Facility. |
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02472-0002 | Improvements Assessment | $165,960 |
| Land Assessment | $74,700 | Total Assessment | $240,660 |
Property Taxes
Parcel Number
02472-0002
Land Assessment
$74,700
Improvements Assessment
$165,960
Total Assessment
$240,660
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80-12 51st Ave
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