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Listing provided by LightBox Revere
113-05 Springfield BlvdQueens Village, NY 11429
Springfield Blvd
Overview
113-05 Springfield Boulevard is a fully occupied, newly constructed building located in the heart of Queens Village. Anchored by Retro Fitness and Gersh Academy, the property sits on the corner of a prominent four-way intersection and is within walking distance of multiple bus and subway stops.
Investment Highlights
- SECURE, LONG-TERM INCOME: Fully occupied by long-standing national brands Retro Fitness and Gersh Academy
- DENSE, URBAN INFILL LOCATION: Surrounded by a population of over 186,000 residents with an average household income above $113,000 within two miles and 1,043,000 residents within five miles
- STRONG TRANSPORTATION CONNECTIVITY: The property is a short walk to the Springfield Blvd/111 Rd bus stop, served by MTA routes like the Q27 and Q83, linking the site to major nodes such as Flushing and Jamaica. Additional bus ser vice at Murdock Ave/Springfield Blvd is also nearby, providing further north-south connectivity through eastern Queens. Queens Village Long Island Rail Road station on the Hempstead, Port Jefferson, and Ronkonkoma branches is within walking distance, offering rail access to Manhattan and Long Island. The site is also situated near major thoroughfares including Springfield Boulevard, Jamaica Avenue, and Merrick Boulevard, providing convenient access by car throughout Queens and to surrounding boroughs.
- ESTABLISHED QUEENS RETAIL CORRIDOR: Positioned on Springfield Boulevard, a major Queens retail corridor with strong daily traffic and neighborhood presence, 113-05 Springfield Boulevard benefits from high visibility and convenient access. The site is within walking distance of local destinations such as the Queens Village LIRR Station and neighborhood parks like Springfield Park , enhancing everyday foot traffic. It's also an easy regional destination for entertainment and events, with UBS Arena and the Belmont Park racetrack — home of major sports, concerts, and the Belmont Stakes — located nearby in Elmont, just a short transit ride or drive away.
- TIGHT RETAIL SUPPLY & COMPARABLE SUPPORT: The Springfield Boulevard retail corridor in Queens Village sits within a broader Queens retail market characterized by relatively tight neighborhood retail conditions with steady demand from dense residential catchments. Queens’ overall retail market inventory shows vacancy rates that are generally modest compared with citywide averages, with examples of strong retail performance in corridors across the borough where storefront occupancy remains healthy and well-occupied by local and service tenants. This dynamic supports durable neighborhood foot traffic and underscores interest from owner-users and local operators in well-located commercial nodes along Springfield Boulevard and adjacent retail streets, creating limited available supply and solid comparable activity in community-serving retail.
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113-05 Springfield BlvdQueens Village, NY 11429
Sales Team
Listing provided by LightBox Revere