Two commercial/office buildings located in the heart of Flushing.

149-44 Northern Boulevard, Flushing, NY

For Sale

Commercial

$4,500,000

Price

Overview

Year Built

2010

Zoning

R6A, C2-2

Offered by Broker

Tong Jiang

Licensed Real Estate Associate Broker

Prospes Real Estate Corp.

Request Info to Unlock.

Description

Presenting a remarkable investment opportunity in the heart of vibrant Flushing! This outstanding commercial property consists of two buildings, totaling 8 rental units, and is being offered at a competitive price of $4.5 million. With three main levels and legal basements, this young commercial/office building is ideal for entrepreneurs and investors seeking to establish their presence in a thriving location.

Situated in the coveted R6A, C2-2 zoning, this property offers tremendous potential for expansion or the development of a new building. Prospective buyers need to consult with an architect to explore the various possibilities this property holds. The location is unbeatable, with close proximity to supermarkets, the LIRR, shops, and the bustling Northern Blvd. business corridor, ensuring maximum visibility and convenience for businesses and customers alike.

This property is a prime investment, with a projected annual income of approximately $354,840 and a projected cap rate of 5.5% or higher. The potential for substantial returns is evident, making this an enticing opportunity for astute investors.

Situated in the heart of downtown Flushing, the property boasts an impressive 100+ feet of frontage on Northern Blvd., surrounded by renowned establishments such as Hmart, Jongro Korean BBQ,Ihop, Dunkin', AutoZone, 7-Eleven and Mobil ect, As an absent landlord property, it presents a golden opportunity for savvy investors to capitalize on the immense upside potential this area offers.

Whether you're seeking a lucrative investment property or a new home for your own business, this property is a compelling choice. The location, the potential for growth, and the array of thriving neighboring businesses make this a truly exciting proposition.

Don't miss out on this golden opportunity! Call or text Tong at 347-925-2373 to obtain further details and secure your chance to invest in this extraordinary property. Seize the moment and make this remarkable investment property or business hub your own!