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132-12 14 Avenue, College Point, NY, 11356 $25,000,000

Mixed Use Commercial  

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Details ML#: 3389789  

  • Business Type: Retail
  • Sale or Rent:Sale
  • Taxes: $224,022
  • Status:Active

Description

Compass is excited to announce the sale of this shopping mall at 130-22 14th Ave, a single-story, multi-tenanted retail building situated on the busy street of 14th Ave which is convenient for commuters. With two other large shopping centers behind us, this proves to be a very convenient and popular location. This shopping center consists of five tenants, three of which are AAA tenants. This property is a 41, 382 sqft lot complimented by a retail shopping center and is a great investment opportunity for savvy investors. The tenants at this location all pay a portion of the real estate taxes, leaving the owner with about 12%. They have 3% annual rent increases and options to extend their leases. There is a new roof installed, along with a complete parking lot resurfacing of its 55 parking spots and a video surveillance system installed for a peace of mind.

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Financial

Taxes: $224,022  

Local Area Information

School District: Queens 25   Zoning: R2A, C1-2   Lot: 219 x 205  

Listing Information provided courtesy of Compass Greater NY LLC  646-662-8888
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    • (631) 276-1384
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