Presentation title - Agorafy
175-25 Horace Harding Expressway N. SINGLE UNIT RETAIL OPPORTUNITY IN FLUSHING
Prime location on the corner of Horace Harding Expressway N. & 175th Place off Utopia Pkwy.
FOR SALE
Asking Price: $2,500,000 Property Highlights Cushman & Wakefield has been retained on an exclusive basis for the sale of the subject property, a one-story single-unit retail building on Horace Harding Expressway in Fresh Meadows, NY. The building is currently occupied by Progressive Martial Arts, with a lease through February 2016 and no extensions. It is a 4,500 square foot building on a 6,839 square foot lot, and there is an additional 2,339 square feet of available air rights. The building is in a highly trafficked area, sitting just off the corner of Utopia Parkway and Horace Harding Expressway, with over 115,000 cars passing daily. The current tenant pays full utilities, and a monthly rent of $8,700. Average retail rental rates in the area are above $50/SF, allowing tremendous upside in rental income. The property poses a possible redevelopment opportunity for many retailers or owner-users, or conversion to office/medical, and many other commercial uses. The property is easily accessible by bus directly in front of the property via the Q17, Q30, Q31, or Q88 routes. The Auburndale LIRR train station on the Port Washington line is also only two miles north. The Long Island Expressway runs parallel to Horace Harding Expressway, and the Grand Central Parkway and Clearview Expressway are both less than two miles away. PLEASE DO NOT DISTURB TENANT, INSPECTIONS BY APPOINTMENT ONLY.
Building Features Location
Located on the northeast corner of Horace Harding Expressway North and 175th Place, between Utopia Parkway and 164th Street
Block / Lot Lot Size Building Size Gross Square Footage
6890 / 11 88’ x 100’ IRR. 75’ x 61’ (approx.) 4,500 (approx.)
Zoning
C2-2 / R3-2
Lot Sq. Ft.
6,839 (approx.)
Total Buildable Sq. Ft.
6,839 (approx.)
Available Air Rights
2,339 Sq. Ft. (approx.)
Assessment (14/15)
$241,650
Taxes (14/15) For More Information, Please Contact: Stephen R. Preuss Executive Director (718) 512 2118 [email protected]
Denise Prevete Senior Associate (718) 512 2605 [email protected]
Kevin Louie Associate (718) 512 2627 [email protected]
$25,818 Cushman & Wakefield 118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 phone: +1 (718) 275 3400 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Prime location on the corner of Horace Harding Expressway N. & 175th Place off Utopia Pkwy.
FOR SALE
Asking Price: $2,500,000 Property Highlights Cushman & Wakefield has been retained on an exclusive basis for the sale of the subject property, a one-story single-unit retail building on Horace Harding Expressway in Fresh Meadows, NY. The building is currently occupied by Progressive Martial Arts, with a lease through February 2016 and no extensions. It is a 4,500 square foot building on a 6,839 square foot lot, and there is an additional 2,339 square feet of available air rights. The building is in a highly trafficked area, sitting just off the corner of Utopia Parkway and Horace Harding Expressway, with over 115,000 cars passing daily. The current tenant pays full utilities, and a monthly rent of $8,700. Average retail rental rates in the area are above $50/SF, allowing tremendous upside in rental income. The property poses a possible redevelopment opportunity for many retailers or owner-users, or conversion to office/medical, and many other commercial uses. The property is easily accessible by bus directly in front of the property via the Q17, Q30, Q31, or Q88 routes. The Auburndale LIRR train station on the Port Washington line is also only two miles north. The Long Island Expressway runs parallel to Horace Harding Expressway, and the Grand Central Parkway and Clearview Expressway are both less than two miles away. PLEASE DO NOT DISTURB TENANT, INSPECTIONS BY APPOINTMENT ONLY.
Building Features Location
Located on the northeast corner of Horace Harding Expressway North and 175th Place, between Utopia Parkway and 164th Street
Block / Lot Lot Size Building Size Gross Square Footage
6890 / 11 88’ x 100’ IRR. 75’ x 61’ (approx.) 4,500 (approx.)
Zoning
C2-2 / R3-2
Lot Sq. Ft.
6,839 (approx.)
Total Buildable Sq. Ft.
6,839 (approx.)
Available Air Rights
2,339 Sq. Ft. (approx.)
Assessment (14/15)
$241,650
Taxes (14/15) For More Information, Please Contact: Stephen R. Preuss Executive Director (718) 512 2118 [email protected]
Denise Prevete Senior Associate (718) 512 2605 [email protected]
Kevin Louie Associate (718) 512 2627 [email protected]
$25,818 Cushman & Wakefield 118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 phone: +1 (718) 275 3400 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
