132-12 14 Avenue, College Point, NY 11356

List Price
Price Change
▼ $8,000,000 1666225789
Days on Market
Mixed Use

Property Description

Compass is excited to announce the sale of this shopping mall at 130-22 14th Ave, a single-story, multi-tenanted retail building situated on the busy street of 14th Ave which is convenient for commuters. With two other large shopping centers behind us, this proves to be a very convenient and popular location. This shopping center consists of five tenants, three of which are AAA tenants. This property is a 41,382 sqft lot complimented by a retail shopping center and is a great investment opportunity for savvy investors. The tenants at this location all pay a portion of the real estate taxes, leaving the owner with about 12%. They have 3% annual rent increases and options to extend their leases. There is a new roof installed, along with a complete parking lot resurfacing of its 55 parking spots and a video surveillance system installed for a peace of mind.

Additional Information

School District
Queens 25, Queens 25, Queens 25

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Lin Han (lin.han@compass.com) from Listing Office: Compass Greater NY LLC.

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