43-05 20th Ave - Manufacturing FOR SALE


Astoria, NY 11105
$13,500,000 USD
718-475-4348
43-05 20th Ave, Astoria, NY for Sale
$13,500,000 USD
Manufacturing - FOR SALE
1/9
null | 1% Cap Rate

43-05 20th Ave
Astoria, NY 11105


HIGHLIGHTS

  • 33,200 SF single-story building with approximately 3,200 SF of mezzanine office space on a 30,000 SF lot
  • Uniform 20-foot free height ceilings with columns strategically spaced at a minimum of 30-foot intervals, allowing for an easy industrial retrofit
  • Fully renovated within the past decade including new build-out, mechanical systems, and roof
  • Two existing loading bays with potential to add additional bays
  • Educational Layout: Currently configured with 4 classrooms and 9 specialized lab spaces, suitable for hands-on technical training
  • M1-1 zoning allows flexibility for continued educational use or alternative industrial and commercial functions

OVERVIEW

The property at 43-05 20th Ave in Astoria, Queens, offers a prime location and versatile space, currently utilized by Vaughn College of Aeronautics as a well-regarded trade school. This single-story building, originally designed as an industrial warehouse, spans a total of 33,200 square feet, including approximately 3,200 square feet of mezzanine space dedicated to administrative offices. The property occupies a substantial lot area of 30,000 square feet, providing ample room for various industrial or educational purposes on a high traffic corner of industrial Queens. The building features a well-organized layout tailored for educational use. It includes four classrooms and nine lab spaces, offering specialized environments for hands-on learning and technical training. The property is designed with a uniform 20-foot free height ceiling, creating an open and airy atmosphere conducive to both industrial applications and educational activities. The interior is supported by columns strategically spaced with a minimum span of 30 feet, ensuring maximum flexibility for different configurations and uses. The property has been completely renovated over the past decade, including new build-out, new mechanical systems and new roof. It now presents as an institutional grade asset located at the corner of two wide streets. While the building features only two loading bay, there is reason to believe that others may be added along 43rd St. Overall, 43-05 20th Ave stands out as a highly adaptable industrial property with significant potential for continued educational use or conversion to other industrial functions. Its robust construction, spacious interior, M1-1 zoning and strategic location in Astoria make it an attractive asset for a variety of educational, commercial or institutional needs.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse, Loft/Creative Space, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

Gas, Heating

CLEAR CEILING HT

19.5 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76

LAND SF

33,200

ZONING

M1-1

APN/PARCEL ID

00788-0001

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4348

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Jakub NowakMarcus & MillichapMore Info
718-475-4348

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