44-07 Vernon Blvd
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44-07 Vernon Blvd
1,875 SF Retail Building Long Island City, NY 11101 $7,796,085 CAD ($4,158 CAD/SF)
Investment Highlights
- Prime Location: Situated in the heart of Long Island City, a vibrant neighborhood experiencing rapid growth and development.
- Priced at $5,500,000 with a competitive price per SF of $2,933, presenting a compelling investment opportunity with attractive potential returns.
- Auto Repair: Specifically tailored for auto repair services, catering to a niche market with potential for expansion or diversification.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,875 SF
Building Class
C
Year Built
1955
Price
$7,796,085 CAD
Price Per SF
$4,158 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.24 AC
Zoning
M1-4, Queens, (G9) - M1-4, Queens, (G9)
Frontage
401 ft on Vernon
Amenities
- Signalized Intersection
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 00452-0005 | Improvements Assessment | $92,219 CAD |
| Land Assessment | $206,615 CAD | Total Assessment | $298,834 CAD |
PROPERTY TAXES
Parcel Number
00452-0005
Land Assessment
$206,615 CAD
Improvements Assessment
$92,219 CAD
Total Assessment
$298,834 CAD
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44-07 Vernon Blvd
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