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this home
this home
Public Sewer
Public Water Source
Electricity Connected
Water Connected
Premier ground-floor commercial retail condo opportunity located at NuSun Tower in the heart of Downtown Flushing, immediately off Main Street and near Great Wall Supermarket. This high-visibility commercial space offers approximately 4,030 gross SF and benefits from strong surrounding foot traffic, dense residential and commercial activity, and a built-in customer base in one of Flushing’s busiest business corridors.
The sale includes existing leases with stable tenants, providing immediate income, along with vacant spaces that offer additional upside. Units A and B are occupied with long-term leases in place. With approx. 3000sqft are currently vacant and available for lease at $15,000 per month, offering flexibility for an owner-user or additional rental income. Projected net income 5.5% CAP.
The space is suitable for a variety of commercial uses, including retail, restaurant, medical, urgent care, or professional office use, subject to verification and approval. Each unit has a separate electric meter, with common area expenses shared among occupants.
This asset presents a rare opportunity to acquire a flexible ground-floor retail condo in Downtown Flushing’s core commercial district, offering existing income, vacant upside, low current tax exposure, and long-term value in a prime location.
The sale includes existing leases with stable tenants, providing immediate income, along with vacant spaces that offer additional upside. Units A and B are occupied with long-term leases in place. With approx. 3000sqft are currently vacant and available for lease at $15,000 per month, offering flexibility for an owner-user or additional rental income. Projected net income 5.5% CAP.
The space is suitable for a variety of commercial uses, including retail, restaurant, medical, urgent care, or professional office use, subject to verification and approval. Each unit has a separate electric meter, with common area expenses shared among occupants.
This asset presents a rare opportunity to acquire a flexible ground-floor retail condo in Downtown Flushing’s core commercial district, offering existing income, vacant upside, low current tax exposure, and long-term value in a prime location.
Other
Details
Details
Property Type
Commercial
Square Footage
0
Year Built
2020
Floor Number
--
Parking
No
Terrace
No
Listing Courtesy of
B Square Realty
MLS ID
KEY424848758
Source


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