132-12 14 Avenue, College Point, NY 11356

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STATUSActive PROPERTY TYPECommercial - Multiple SCHOOLQueens 25

Property 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.

Property Features

Property Type: Commercial - Multiple
Days on Market: 178
Taxes: $224,022

Feature Descriptions

Current Use: Retail
On Market Date: 2022-04-07
Overhead Door: 0

Local Schools

School District: Queens 25

Listed By / Shown By

Listing By

Agency Name: Compass Greater NY LLC
Agency Contact: 212-913-9058

Shown By

Agency Title: Rand Commercial
Agency Phone:

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