207-02 Jamaica AveQueens, NY 11428

For Sale
$2,950,000
1,800 SF Auto Shop/Warehouse, $2.95M

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional Queens Village investment opportunity presents a 1,800 square foot, single-story auto shop and warehouse on a substantial 10,044 square foot lot. Currently 100% occupied by a Meineke franchise operating under a month-to-month NNN lease at $7,200 per month ($86,400 annually), the tenant is open to extending this arrangement or signing a new 5-year NNN lease at $9,250 per month ($111,000 annually). The property boasts a prime location on the Jamaica Avenue commercial corridor, within one block of a major bus stop (Q77 and Q110 lines). Built in 1924, the building features three bays and is situated on a 100ft x 106ft lot, offering significant potential for redevelopment or owner-user occupancy. The C8-1 zoning allows for a variety of uses. This property is ideal for investors, developers, or owner-users seeking a strong return in a thriving Queens market with robust and growing commercial rents. The property includes 1,800 square feet of building space and an additional 8,244 square feet of land. This presents a unique opportunity to acquire a well-located asset with immediate income potential and significant upside. The property is zoned C8-1 (Block: 10835 Lot: 0021).

Highlights

  • Excellent investment opportunity in prime Queens Village location.
  • 1,800 SF building on an 8,244 SF lot.
  • C8-1 zoning designation.
  • High-traffic location on Jamaica Avenue commercial corridor.
  • One block from Jamaica Avenue/Francis Lewis Boulevard bus stop (Q77, Q110).

Property Details for 207-02 Jamaica Ave

Property type
Warehouses, Retail properties
Square Feet
1,800 SF
Year Built
1924
Buildings
1
Stories
1
Units
1

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.71392
Longitude
-73.752675
207-02 Jamaica Ave, Queens, New York

FAQs

What type of property is this?
Warehouse - 1,800 SF Auto Shop/Warehouse, $2.95M
Where is the warehouse located?
The property is located at 207-02 Jamaica Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Excellent investment opportunity in prime Queens Village location.; 1,800 SF building on an 8,244 SF lot.; C8-1 zoning designation.
How can I contact the broker?
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207-02 Jamaica Ave
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