20602-20624 Hillside Avenue, Jamaica, NY 11427

Queens Village, Jamaica, Jamaica, New York 11427

$9,750,000   $8,950,000   BID DEADLINE: JUNE 21, 2018

Listing ID Number

25379

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 202-06 - 206-24 Hillside Avenue in Queens Village, Queens.

The property is a single-story blockfront retail strip at the southeast corner of Francis Lewis Boulevard and Hillside Avenue with on-site parking. The building consists of approximately 13,750 square feet on an approximately 20,878 square foot lot. The building has six total commercial units of which currently five units are occupied. The corner unit at 206-02 Hillside Avenue is recently vacant and was previously occupied by a long-standing tenant operating as a carpet retailer. All tenant leases contain a 90 day termination clause or can be delivered vacant providing flexibility for redevelopment. Additionally the current zoning allows for a max 41,758 buildable square feet.

This location at Hillside Avenue and Francis Lewis Boulevard is highly frequented and sees tract counts of over 26,000 cars daily. Across the street is the Franhill Plaza shopping center including national retailers such as Foodtown, McDonald’s, Dunkin Donuts, the UPS Store, and Chase Bank. Other national retailers along this corridor include Subway, TD Bank, and Popeye’s.

It is located a quarter mile from the Clearview Expressway / Grand Central Parkway. The Long Island Rail Road at Queens Village and Hollis are both located approximately one mile away. Additionally the Q1, Q36, Q43, Q77, and X68 buses are accessible across the street.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites
Location:Hillside Avenue & Francis Lewis Boulevard
Block/Lot:10581/1
Lot Dimensions:205' x 117'
approx
Lot Sq Ft:20,878
approx.
Buildable Sq. Ft:41,758
approx.
Zoning:C1-2 / R4
Building Sq Ft:13,750
approx.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.