Presenting a remarkable investment opportunity in the heart of vibrant Flushing! This outstanding property consists of two buildings, totaling 8 rental units, and is being offered at a competitive price of $4.5 million. With three main levels and legal basements. Situated in the coveted R6A, C2-2 zoning, this property offers tremendous potential for expansion or the development of a new building. Prospective buyers need to consult with an architect to explore the various possibilities this property holds. The location is unbeatable, with close proximity to supermarkets, the LIRR, shops, and the bustling Northern Blvd. business corridor, ensuring maximum visibility and convenience for businesses and customers alike. This property is a prime investment, with a projected annual income of approximately $354,840 and a projected cap rate of 5.5% or higher. The potential for substantial returns is evident, making this an enticing opportunity for astute investors. Situated in the heart of downtown Flushing, the property boasts an impressive 100+ feet of frontage on Northern Blvd., surrounded by renowned establishments such as Hmart, Jongro Korean BBQ,Ihop, Dunkin', AutoZone, 7-Eleven and Mobil ect, As an absent landlord property, it presents a golden opportunity for savvy investors to capitalize on the immense upside potential this area offers.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
