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44-07 Vernon Blvd

1,875 SF Retail Building Long Island City, NY 11101 £4,345,055 (£2,317/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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,875 SF
Building Class
C
Year Built
1955
Price
£4,345,055
Price Per SF
£2,317
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.24 AC
Zoning
M1-4, Queens, (G9) - M1-4, Queens, (G9)
Frontage
401 ft on Vernon

Amenities

  • Signalised Intersection
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Pure Barre
Bank of America
Starbucks
Santander
Bonchon
[solidcore]
Row House
Orangetheory Fitness
Key Food
Barre3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00452-0005
Land Assessment
£128,528
Improvements Assessment
£36,215
Total Assessment
£164,743
  • Listing ID: 31192240

  • Date on Market: 12/03/2024

  • Last Updated:

  • Address: 44-07 Vernon Blvd, Long Island City, NY 11101

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