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$ 7,580,000
Est. payment | /mo
$ 7,580,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 997743
Rental Info No
Year Built 2020
Annual Tax Amount $5,696
Property Sub-Type Retail
Source onekey2
Property Description
Premier ground-floor commercial retail condo opportunity located at NuSun Tower in the heart of Downtown Flushing, immediately off Main Street and near Great Wall Supermarket. This high-visibility commercial space offers approximately 4,030 gross SF and benefits from strong surrounding foot traffic, dense residential and commercial activity, and a built-in customer base in one of Flushing's busiest business corridors.
The sale includes existing leases with stable tenants, providing immediate income, along with vacant spaces that offer additional upside. Units A and B are occupied with long-term leases in place. With approx. 3000sqft are currently vacant and available for lease at $15,000 per month, offering flexibility for an owner-user or additional rental income. Projected net income 5.5% CAP.
The space is suitable for a variety of commercial uses, including retail, restaurant, medical, urgent care, or professional office use, subject to verification and approval. Each unit has a separate electric meter, with common area expenses shared among occupants.
This asset presents a rare opportunity to acquire a flexible ground-floor retail condo in Downtown Flushing's core commercial district, offering existing income, vacant upside, low current tax exposure, and long-term value in a prime location.
The sale includes existing leases with stable tenants, providing immediate income, along with vacant spaces that offer additional upside. Units A and B are occupied with long-term leases in place. With approx. 3000sqft are currently vacant and available for lease at $15,000 per month, offering flexibility for an owner-user or additional rental income. Projected net income 5.5% CAP.
The space is suitable for a variety of commercial uses, including retail, restaurant, medical, urgent care, or professional office use, subject to verification and approval. Each unit has a separate electric meter, with common area expenses shared among occupants.
This asset presents a rare opportunity to acquire a flexible ground-floor retail condo in Downtown Flushing's core commercial district, offering existing income, vacant upside, low current tax exposure, and long-term value in a prime location.
Location
State NY
County Queens
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by B Square Realty • Li Li
NEARBY SCHOOL & BUSINESS
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