MLS#967597
STATUSActive
PROPERTY TYPECommercial - Industrial
Property Description
Located in the heart of College Point, just minutes from Flushing, this well-maintained, income-producing industrial property presents a strong investment opportunity in one of Queens' most strategic commercial corridors.The property consists of two fully functional warehouse units. The first unit, approximately 1,200 square feet, is leased to an established fabric goods distributor. The second unit, approximately 2,000 square feet, is configured as a refrigerated warehouse and active business operation. Both warehouse spaces offer garage bay doors, approx. 11x9.Combined, the units generate approximately $88,000 in annual rental income, with total operating expenses of roughly $28,000 per year, delivering reliable cash flow and attractive returns.With stable tenancy, flexible industrial use, and a prime College Point location near major transportation routes and the Flushing market, this property offers both immediate income and long-term upside for investors seeking durability and growth in the Queens industrial sector.
Property Features
Property Type: Commercial - Industrial
Cooling: Wall/Window Unit(s)
Heating: Oil
Lot Size: 0.10 Acres
Taxes: $19,553
Year Built: 1961
Feature Descriptions
Building Area Total: 3185
Business Type: Warehouse
Cap Rate: 3
Days on Site: 123
Exterior: Brick
On Market Date: 2026-03-04
Parcel Number: 04088-0040
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: BERKSHIRE HATHAWAY
Agency Contact: 516-741-3070
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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124-15 18th Avenue | MLS# 967597
This commercial property located at 124-15 18th Avenue, College Point, NY 11356 is currently listed for sale with an asking price of $1,390,000. Search College Point real estate on www.joycerealty.com today.