Two-Tenant Queens Retail Strip 24610 Francis Lewis Blvd

The subject offering is a 2,750 square foot two-tenant single-story retail property located on Francis Lewis Boulevard, between 246th and 247th Streets, in Rosedale (Queens). The property is 100% occupied with two long-term tenants, both of whom occupy approximately 1,375 SF each. Inter-County Pest Control has been in business in NYC since 1945. This location serves as their headquarters, they have been a tenant here for 30+ years. They are currently operating on a M-T-M lease. Byrne & Sons Plumbing & Heating has been operating in Queens for 70 years. They are also operating currently on a M-T-M lease.
The property rests on a 4,254 square foot lot (50 x 85). The building is built 50 x 55. The property is zoned C1-3/R3-2. The asset is located on Francis Lewis Boulevard, a heavily traveled commercial street in Rosedale. The site is located two blocks from the Rosedale Long Island Railroad (LIRR) Train Station. It is surrounded by local and national retailers such as Checkers, Popeyes, Dunkin Donuts, Rite Aid, Pizza Hut and Bank of America. The property is also four blocks from the border with Long Island, and a five-minute walk to Green Acres Mall in Valley Stream, the 18th largest mall in America which is anchored by Target, Home Depot, Macy’s, Aldi and Walmart.
This is an opportunity to acquire a two-tenant, minimal management retail asset. A new owner can choose to either sign long-term leases with the existing tenants, or a new owner can choose to occupy one, or both units.