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FOR SALE | Corner Retail Building With Bonus Office Space in Saint Albans Neighborhood of Queens

$2,295,000

200-02 Linden Boulevard, Queens, NY 11412

Active
Last Updated: 02/05/2025

5.39

Cap Rate

123,743

NOI

Details:
Cap Rate:    5.39%
NOI:    $123,743
Building Size:    5,750 sqft
Lot Area:    3,360 sqft
Units:    7
Year Built:    1951
Price Per Sqft:    $399
Zoning:    R5B, C1-3 Zone
Floors:    2
Description:

200-02 Linden Boulevard, Queens, NY- Presenting this mostly one-story multi-unit retail building, which includes a small second-floor office, located on the corner of Linden Boulevard in the Saint Albans neighborhood of Queens. Built in 1951, the property encompasses 5,750 square feet of gross commercial space on a lot sized approximately 3,360 square feet. The building is zoned R5B with a C1-3 overlay, potentially offering future residential or community facility development opportunities.

The building consists of seven commercial units, with tenants covering their own utilities, including gas, electric, heat, and hot water. Notable spaces include multiple retail units on the ground floor and a small second-floor office.

This prime corner location offers excellent visibility and foot traffic, making it an appealing investment opportunity for owner-users or investors. A vacant space provides potential for value-add enhancements .

Public transportation options are accessible, with several bus routes operating along Linden Boulevard and nearby thoroughfares. Essential services, such as CVS Pharmacy, are conveniently situated nearby. Dining options include a variety of Caribbean restaurants as well as other local fare. Recreational opportunities are available at nearby parks, including Roy Wilkins Park, providing green spaces for relaxation and outdoor activities.

According to Point2Homes.com, based on recent census data, Saint Albans has approximately 56,337 residents. The median household income is $73,118 per year, with an average annual household income of $107,250. The neighborhood has a homeownership rate of 66.63%, with a median property value of $593,900 for homes with a mortgage. Housing costs average $1,826 per month. The community is characterized by a mix of long-time residents and newcomers, contributing to its rich cultural and economic diversity.

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