A Queens Village retail strip has hit the market with a huge asking price.
On March 1, Cushman & Wakefield announced that it’s handling the sale of the strip, located at 202-06 – 206-24 Hillside Ave. The seller, Hillside Ave Partners LLC, is asking for $9,750,000 for the property.
The 13,750-square-foot retail strip sits on a 20,878-square-foot lot on the southeast corner of Francis Lewis Boulevard and Hillside Avenue. It features six commercial units with five units currently occupied. The property also offers on-site parking and 41,758 buildable square feet.
“[This site] offers an exceptional investment and repositioning opportunity,” said Stephen R. Preuss of Cushman & Wakefield, who is leading the marketing efforts on behalf of the seller. “The property is located on a prime, highly frequented corner in Queens that sees traffic counts of over 26,000 cars daily.”
The property is across the street from the Franhill Plaza shopping center, which consists of a Foodtown supermarket, McDonald’s, Dunkin’ Donuts, The UPS Store and Chase Bank. The property is close to the Clearview Expressway, Grand Central Parkway, Long Island Rail Road and multiple bus lines.