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.