Long Island City is bursting with new residential towers, but it has few large commercial spaces that could accommodate grocery stores, drug stores, or gyms. Today, YIMBY has a look at the planned renovation for a commercial building at 27-35 Jackson Avenue, which could help fill that retail hole and attract a valuable tenant.
RKF is marketing the first two floors of the four-story building between Queens Street and an off-ramp from the Queensboro Bridge. The property has 24,000 square feet on the first floor and 22,500 square feet on the second floor, but it can be divided into retail spaces as small as 2,500 square feet.
The brokers say that “a few national big box tenants are seriously interested in the space,” but they’ve also heard from home goods and furniture stores, gourmet markets, restaurants, schools, and children’s activity centers.
The two floors feature ceiling heights of 18 and 14 feet, respectively, and the building offers 170 feet of frontage along Jackson Avenue and 75 feet along Hunter Street.
The U.S. Citizenship and Immigration Services used to occupy the property, and they moved out earlier this year. Office tenants will fill the top two floors, which will remain the same. The lower floors will get a new glass facade and a renovation to suit the new tenants.
The building is only a few blocks from Queensboro Plaza and Court Square, where a slew of high-rise apartment towers have quickly replaced old factories and warehouses. The neighborhood has 9,500 apartments under construction or recently completed, and developers like Tishman Speyer and Property Markets Group have approvals for another 12,000 units.