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.
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.