23-22 30th Ave, Astoria, NY 11102

Turn-Key Medical Building For Sale In Astoria - Strong Cap Rate

Centrally located in the Astoria neighborhood of Queens between 23rd St & Crescent St train station, with plenty of street parking + private lot parking available.

Nearest Transit: W & N trains at 30th Ave and the Q18, Q69, Q100 & Q19 bus lines.

Nearby tenants include Dunkin's, New York Spine Specialist, Mt Sinai Queens Hospital, Centers Urgent Care of Astoria, Hyatt Pharmacy, Rite Aid, McDonald's, City Fresh Market, Rosa's Pizza, CTown Supermarkets, Astoria Coffee, Chase Bank, Crescent Kitchen, and more!

23-22 30th Avenue is a turn-key medical investment opportunity in the heart of Astoria, Queens. The modern, two-story Class B building totals approximately 9,540 SF on a 5,100-SF lot and is fully built for medical use. It features one large commercial unit with multiple tenants, providing stable cash flow and a strong cap rate. The property is anchored by Mount Sinai Hospital (basement and first floor, NNN lease until 2027 with two 10-year options) and Motion PT Group (physical, occupational, and speech therapy provider with 60 locations, currently in year two of a 7-year lease with an option). The building offers efficient layouts, and the roof was fully replaced two years ago, reducing near-term capital needs.

Ideally located between Crescent Steet and 23rd Street, 23-22 30th Avenue is situated in the heart of Astoria, one of Queens’ most vibrant and fast-growing neighborhoods. The property enjoys strong foot traffic and excellent visibility along 30th Avenue, a bustling corridor lined with cafés, restaurants, and medical offices. The location offers convenient access to Manhattan and greater Queens. Surrounded by a dense residential community and major retailers such as Starbucks, Key Food, and CVS, this prime Astoria address presents a high-visibility, turn-key investment opportunity ideal for owner-users or investors alike.