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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.

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
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
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
02472-0002
Land Assessment
$74,700
Improvements Assessment
$165,960
Total Assessment
$240,660
  • Listing ID: 40534045

  • Date on Market: 5/14/2026

  • Last Updated:

  • Address: 80-12 51st Ave, Elmhurst, NY 11373

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