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$ 4,000,000
Est. payment | /mo
7,050 SqFt
$ 4,000,000
Est. payment | /mo
7,050 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,050 sqft
Price per Sqft $567
Lot Size 6,000 Sqft
Property Description
Offering an exciting opportunity on Beach 116th Street. This property presents two options for potential investors: rehabilitating the existing building or constructing a brand new condominium building. The current structure boasts three full floors, each spanning over 2300 square feet, providing ample space for development. Situated on a thriving beach block, this property is just a few steps away from the beach and the newly built Boardwalk, offering residents a picturesque coastal lifestyle. Additionally, the location is conveniently close to all public transportation, including the A train, making commuting a breeze. The surrounding area is home to a variety of trending shops and restaurants, ensuring residents have access to a vibrant and dynamic community. With the Rockaways experiencing a surge in popularity and growth, now is the perfect time to invest. The property will be delivered vacant, providing investors with a blank canvas to bring their vision to life. With zoning designations of R7A and C1-3, there is ample flexibility for development plans. FAR 4 - LOT SIZE 60x100 - TAXES $23,870
Location
State NY
County Queens
Listed by Lisa Jackson • ROCKAWAY PROPERTIES