2018-02-21 / Front Page

Speedway Set To Pull-Up Pumps For New Development

By Liz Goff
Pumps will soon dry up at two longtime western Queens gas stations.

Manhattan-based real estate broker Eastern Consolidated is currently reviewing bids for the purchase of parcels that house the stations at 39-04 Northern Boulevard and 39-02 Queens Boulevard, which were recently listed for sale in a whopping $45.5 million.

Eastern Consolidated listed the two parcels as major development sites located on “major thoroughfares on opposite sides of the Sunnyside Yards.” Both parcels are located within walking distance to MTA subway and bus lines. The Northern Boulevard parcel is also located at the end of the Steinway Street shopping district, and within walking distance to the Queens Plaza transportation hub.

The Northern Boulevard parcel was listed as 40,000-square-feet in an M1-3/4 zone that allows for development of a manufacturing, commercial or community facility use. The Queens Boulevard parcel was listed as 20,000-square-feet in an M1-4 zone, allowing development of a manufacturing, commercial, or community facility use at the site. Inclusion of a community facility in development plans would enable the owner to increase the height of a proposed building at the Queens Boulevard site.

Bids were accepted for the package or the individual parcels through January 26th. Eastern Consolidated will announce the winning bid at a future date.

The two properties have been operated as Speedway Gas Stations since late 2014, when the New York-based Hess Corporation pulled out of the gas pumping business, selling its 1,342 gas stations to Marathon Petroleum for $2.6 billion.

Marathon Petroleum, a spinoff of Marathon Oil Corporation, is one of the largest owners and operators of convenience stores in the U.S. Marathon later closed 50 gas stations along the east coast and rebranded the two Queens gas stations to carry the Speedway name.

Motorists clamored to the Northern Boulevard site in the mid-1960s, when operators of a Safeway Gas Station hired young, female attendants clad in plaid “short-shorts” to pump gas. The station was later rebranded as a Safeway Gas Station, with lines stretching for miles during the 1970s gasoline shortage.

A Merit Gas Station occupied the Northern Boulevard site through the late-1980s, after which Hess welcomed motorists to gas up under the company’s iconic green and white signs.

 

 

 

 

 

 

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