124-15 18th Avenue, College Point, NY 11356
sale
$1,390,000
|
Other
Courtesy Of real estate corp
Located in the heart of College Point, just minutes from Flushing, this well-maintained, income-producing industrial property offers an excellent investment opportunity in one of Queens' key commercial corridors. The property features two functional warehouse units: an approximately 1,100-square-foot space leased to an established fabric goods distributor and an approximately 2,000-square-foot refrigerated warehouse with an active business operation. Both units are equipped with garage bay doors measuring approximately 11' x 9'. Together, the units generate approximately $87,600 in annual rental income, with estimated annual operating expenses of $28,000, offering attractive cash flow potential. With established tenants, versatile industrial space, and convenient access to major transportation routes and the Flushing market, this property presents an appealing opportunity for investors seeking steady income and long-term growth potential in Queens' industrial sector.
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Property Features
- Age: Over 50 Years Old
- Building Units: 2
- Cooling System: Ductless
- Exterior Type: Block
- Heating System: Natural Gas
- MLSID: 1064075
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