Massey Knakal Realty Services has been retained on an exclusive basis to sell a fully-leased retail strip at 233-02-20 Northern Boulevard. The property is located on the corner of Northern Boulevard and 234th Street in the Douglaston neighborhood of Queens. The asking price is $3,900,000.
This retail assemblage consists of three tenants on two tax lots with a combined approximately 26,325 square foot lot and 6,082 square feet of buildings including an auto gallery dealership, auto garage, and auto repair. The auto gallery has a lease until 2014 with a five-year landlord option. The auto garage has been recently rented for $6,800 per month for five years and 4% rent increases. The third tenant is Red's Auto Repair, which has been there for over 30 years and is on a month-to-month lease. The combined site has over 200 feet of frontage on Northern Boulevard. It is zoned R1-2 and is grandfathered as commercial use.
Ideally located in the highly desirable Douglaston area of Queens, between Little Neck and Bayside, this site is a prime investment for existing cash flow or future development potential
For more information on this listing, contact Massey Knakal Director of Sales Stephen R. Preuss at 718.275.3400.
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Neighborhoods: Douglaston/ Agents: Stephen Preuss