44-07 Vernon Blvd - Auto Repair FOR SALE


Long Island City, NY 11101
$5,500,000 USD
646-706-1282
44-07 Vernon Blvd, Long Island City, NY for Sale
$5,500,000 USD
Auto Repair - FOR SALE
1/10
null | Request Cap Rate

44-07 Vernon Blvd
Long Island City, NY 11101


HIGHLIGHTS

  • Prime Location: Situated in the heart of Long Island City, a vibrant neighborhood experiencing rapid growth and development.
  • Auto Repair: Specifically tailored for auto repair services, catering to a niche market with potential for expansion or diversification.
  • Priced at $5,500,000 with a competitive price per SF of $2,933, presenting a compelling investment opportunity with attractive potential returns.

OVERVIEW

Prime Location: Situated in the heart of Long Island City, a vibrant neighborhood experiencing rapid growth and development. Versatile Usage: Ideal for both investors and owner-users, offering opportunities for various business ventures or as an income-generating investment property. Auto Repair Retail: Specifically tailored for auto repair services, catering to a niche market with potential for expansion or diversification. Generous Space: Boasting a spacious 1,875 SF building on a substantial 0.24 AC land parcel, providing ample room for operations and potential future development. Modernization Potential: Built in 1955, there's room for renovation and modernization to align with current market trends and enhance property value. Zoning: Zoned M1-4 in Queens, offering flexibility for a range of commercial uses, with favorable regulations for business operations. High Visibility: With 401 FT of frontage on Vernon Blvd, the property enjoys excellent visibility and exposure to passing traffic, enhancing business prospects. Strong Investment Proposition: Priced at $5,500,000 with a competitive price per SF of $2,933, presenting a compelling investment opportunity with attractive potential returns. Single-Tenancy: Currently occupied by a single tenant, providing stability and immediate income for investors, while allowing owner-users the option to occupy the space. Building Class and Quality: Classified as Class C, offering a solid structure and foundation for long-term viability and durability.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$2,933 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,600 SF

ZONING

M1-4, Queens, (G9)

APN/PARCEL ID

00452-0005

ASK ABOUT THIS PROPERTY

Serene PowersSerene Powers Real Estate LLCMore Info
646-706-1282

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Serene PowersSerene Powers Real Estate LLCMore Info
646-706-1282

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