This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

61-07 Utopia Pkwy, Fresh Meadows, NY 11365 61-07 Utopia Pky

4,800 SF 33% Leased Retail Building Fresh Meadows, NY 11365 £2,114,520 (£441/SF) 5.76% Net Initial Yield

Investment Highlights

  • Near Francis Lewis High School
  • Easy access via Long Island Expressway

Executive Summary

Rare to find. 2 story + basement mixed used commercial building located at the busy intersection of Utopia Pkwy and Horace Harding Exwy. Built in 2006 and has been well maintained. All units are currently under a Net Net lease (over $154,000/yr). The property is only 2 blocks to Francis Lewis High School; walking distance to the Fresh Meadows Shopping Center (Kohl's and AMC). Easy access via Long Island Expressway. Great for investment and to start a business.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,800 SF
Building Class
C
Year Built
2006
Price
£2,114,520
Price Per SF
£441
Net Initial Yield
5.76%
NOI
£121,752
Percent Leased
33%
Tenancy
Multiple
Number of Floors
2
Building FAR
2.20
Land Acres
0.05 AC
Zoning
C2-2/R3-2
Frontage
48 ft on Utopia Pky

Amenities

  • Corner Lot
Walk Score ®
Very Walkable (89)
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

Tim Hortons
Applebee's
Taim
Flagstar
Starbucks
Boston Market
Five Guys
Capital One
Lidl
Td Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 07070-0050
  • 07070-0049
Land Assessment
£142,020
Improvements Assessment
£398,295
Total Assessment
£540,315
  • Listing ID: 30325184

  • Date on Market: 08/12/2023

  • Last Updated:

  • Address: 61-07 Utopia Pky, Fresh Meadows, NY 11365

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}