137-20 Cross Bay Blvd - Supermarket FOR SALE


Jamaica, NY 11417
$16,125,000 USD
516-496-8888
137-20 Cross Bay Blvd, Jamaica, NY for Sale
$16,125,000 USD
Supermarket - FOR SALE
1/16
null | 6% Cap Rate

137-20 Cross Bay Blvd
Jamaica, NY 11417


HIGHLIGHTS

  • 100% Occupied Queens Blockfront Shopping Center With Parking.
  • Anchored by Panera, Dollar Tree, UPS, and Mattress Firm
  • Value-Add in leasing 5,000 SF unoccupied basement space with truck loading access through the rear parking lot

OVERVIEW

137-20 CROSS BAY BLVD IS AN ENTIRE BLOCK-FRONT MULTI- TENANT RETAIL PROPERTY WITH PARKING ON THE WEST SIDE OF CROSS BAY BLVD. BETWEEN PITKIN AND 149TH AVE, JUST NORTH OF THE BELT PKWY IN OZONE PARK. THE PROPERTY CONSISTS OF APPROXIMATELY 31,000 SF ACROSS 8 SPACES ON A 58,306 SF IRREGULAR LOT. THE CENTER IS CURRENTLY 100% OCCUPIED AND IS COMPRISED OF A MIX OF LOCAL AND NATIONAL TENANTS, ANCHORED BY DOLLAR TREE, PANERA, MATTRESS FIRM AND UPS.

FOR SALE DETAILS

PRICE

$16,125,000 USD

PRICE/SF

$520 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

C8-1

APN/PARCEL ID

11409-0010

ASK ABOUT THIS PROPERTY

Matthew ColantonioSchuckman Realty, Inc.More Info
516-496-8888

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Matthew ColantonioSchuckman Realty, Inc.More Info
516-496-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.