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.
| MLS # | 997743 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 108 |
| Listing Provided By | B Square Realty | Li Li |
| SQ Feet | 4,030 |
|---|---|
| Story(s) | 1 |
| Zoning | C1-2/R6 |
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Construction Materials | Aluminum Siding |
|---|
| Utilities | Electricity Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 5696 |
| State | NY |
|---|---|
| County | Queens |
| City | Flushing |
| Zip Code | 11355 |
| Listing VS Median (in 11355) | |
Price: $7,580,000 low | high Med: $620,000 sqft: 4,030 low | high Med: 824 $ / sqft: $1,881 low | high Med: $752 On site: 108 low | high Med: 157 | |
| State | NY |
|---|---|
| County | Queens |
| City | Flushing |
| Zip Code | 11355 |
| Listing VS Median (in 11355) | |
Price: $7,580,000 low | high Med: $620,000 sqft: 4,030 low | high Med: 824 $ / sqft: $1,881 low | high Med: $752 On site: 108 low | high Med: 157 | |