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132-12 14 Avenue College Point, NY 11356
$25,000,000
  • Commercial
  • Mixed Use
  • ML# 3389789

Property Details

Overview

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.

Key Facts

  • Taxes: $224,022
  • Business Type: Retail
  • Sale or Rent: Sale
  • School District: Queens 25
  • Zoning: R2A, C1-2
  • Lot: 219 x 205

Financial

  • Taxes: $224,022
Listing Information provided courtesy of Compass Greater NY LLC  646-662-8888
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