MLS#1003643
STATUSActive
PROPERTY TYPECommercial - Retail
SCHOOLContact Agent
Property Description
Presenting Retail Condo Unit 1A in a modern mixed-use condominium building built in 2018, located in the heart of Fresh Meadows. This ground-floor commercial unit offers approximately 9,748 SqFt and benefits from excellent visibility, strong pedestrian traffic, and a highly desirable location. Previously leased at $28,000 per month on a triple-net (NNN) basis, this property presents an attractive investment opportunity with a cap rate approaching 9%. The property also benefits from a tax abatement in place through 2033, helping to reduce operating expenses and enhance overall returns. Zoned R5D, the space accommodates a wide range of permitted uses, including retail, office, medical, community facility, and more, providing flexibility for both investors and owner-users. Situated in a thriving neighborhood with strong demographics and convenient access to major roadways, public transportation, and nearby shopping destinations, this is a rare opportunity to acquire a substantial commercial condominium in one of Queens' most sought-after markets. For more information or to schedule a private tour, contact us today.
Property Features
Property Type: Commercial - Retail
Cooling: Electric
Heating: Electric
Taxes: $25,440
Year Built: 2018
Feature Descriptions
Building Area Total: 9748
Business Type: Community Center, Medical, Professional Service, Professional/Office, Restaurant, Retail
Exterior: Brick
On Market Date: 2026-05-22
Parking Features: Garage, Private
Parking Total: 10
Rental Term: Monthly
Sewer: Public Sewer
Units: 1
Utilities: Electricity Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: Contact Agent
Middle School: Is 250 Robert F Kennedy Comm Ms (The
Elementary School: Ps 154
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: Keller Williams Rlty Landmark
Agency Contact: 718-475-2700
Shown By
Agent Name: Mjahid Yusuf
Agent Phone: (718) 206-1340
Agency Title: Coldwell Banker American Homes
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158-15 Union Turnpike , Unit 1A | MLS# 1003643
This commercial property located at 158-15 Union Turnpike , Unit 1A, Fresh Meadows, NY 11366 is currently listed for sale with an asking price of $3,990,000. 158-15 Union Turnpike , Unit 1A is located within the Contact Agent school district. Search Fresh Meadows real estate on mjahidyusuf.cbamhomes.com today.