97-25 Beach Channel Drive

For Sale: 43,800 SF Single-Story Warehouse in Rockaway Beach – Potential to Reposition

97-25 Beach Channel Drive, Far Rockaway, NY
Asking Price $8,500,000
Type Warehouse
Neighborhood Rockaway Beach
Properties 1
Lot Size 196' x 287' (Irreg.)
Zoning Code C8-1
Size 43,000 SF
Stories 1
Units
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering for the sale of 97- 25 Beach Channel Drive, a warehouse located in Rockaway Beach, Queens. The offering consists of a 43,800 square foot single story facility – a rare opportunity to acquire a property of scale in the coveted neighborhood which has experienced an influx of residential and commercial development over the past decade. Given the ongoing shift of trends in consumer purchasing habits which are shifting toward same day and next day delivery, there is a growing need for last mile distribution centers in the immediate area. The growing population of Rockaway Beach and the scarcity of nearby warehouses makes the subject property an excellent candidate for both users and investors. As a result of the location with proximity to New York City and several major thoroughfares, 97-25 Beach Channel Drive represents a unique opportunity to establish a mission critical industrial building in a Last Mile neighborhood.

Location:

97-25 Beach Channel Drive is situated on the Rockaway Peninsula in an affluent neighborhood. The neighborhood is bound by Jamaica Bay and the Atlantic Ocean, and Beach 119th Street spans just three blocks with the property directly overlooking the Ocean Promenade boardwalk with expansive unobstructed views of the Atlantic Ocean.

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com