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Two Speedway Gas Station Sites on LIC, Sunnyside Border Up For Sale in $45.5 Million Package

A Speedway location Queens Boulevard, one of two Speedway properties for sale (Google Maps)

Feb. 12, 2018 By Nathaly Pesantez

Two properties on the Long Island City/Sunnyside border currently occupied by Speedway gas stations and convenience stores are up for sale in a $45.5 million package sales agents are marketing as major development sites.

The sale of the properties, 39-02 Queens Blvd. and 39-04 Northern Blvd., is being managed by Eastern Consolidated, the real estate brokerage based in Manhattan.

The Queens Boulevard property features over 20,000 square feet of land area, and is within an M1-4 zoning district, meaning a developer can bring a commercial, manufacturing, or community facility there. A community facility would allow for the developer to build higher on the land, however.

Speedway at 39-04 Northern Blvd. (Google Maps)

The Northern Boulevard location is just under 40,000 square feet, and can also see a commercial, manufacturing, or community facility on site.

Eastern Consolidated notes that the two properties are on major thoroughfares on opposite sides of Sunnyside Yards and at walking distance from subway stations.

The brokerage’s deadline to bid on either the package or an individual Speedway property was on Jan. 26.

The managing directors in charge of the properties said they are unable to comment on how many bids were received and on when they expect to announce the selected bidder.

Speedway did not respond to a request for comment by press time.

The two gas stations were once under the ownership of Hess, until Speedway acquired the company’s retail operations in 2014 and rebranded their sites.

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11 Comments

Patret

The Queens Blvd site would have a good choice for the new middle school. It has easy access to the 7 line and more parking availability. Maybe staff members could get some designated spots under the El. The City just recently purchased the property on 48th street. Timing is everything. Hmmm.

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Sarah

LOL! Leave your pickup truck home on its cinder blocks and use the subway like the rest of us, y’all

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MRLIC

Anon, I agree with you. There is a anti-car movement going on in NYC. You will run out of gas before you find a station soon.There is one by MOMA PS1. I don’ know if it will be there long because there was false advertising with a Luxury Building going up aross the street at 21st. In their rendition of the building in their advertising the GAS station was not there. It was a PARK. What BS they throw prospective tenants.

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LICer

although it could be said anyone ever that buys/rents in any building anywhere (other than foreign buyers hiding their money) without doing their due diligence and going in person to scout out the neighborhood is a moron.

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Anon

I guess the people who drive don’t need to get gas anywhere? Yes, there are stations on Queens Boulevard, but this is ridiculous. It’s turning into Manhattan, where you’ll run out of gas before you find an actual gas station anywhere. (Let’s not get into the debate about how cars don’t belong in NYC)

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