Current Use by Public Records
- Commercial real estate
Property Details for Sutphin Blvd
- Year built
- 1955
- Property type
- Commercial real estate
Description
This exceptional Jamaica, Queens commercial property presents a compelling investment opportunity for developers and investors. Boasting a substantial 14,050 square foot lot with dual street frontage, this site offers unparalleled versatility. The C4-5X zoning allows for a wide range of development possibilities, including mixed-use projects. With a 5.0 FAR, the buildable square footage totals an impressive 70,250 square feet. Currently, the property features two existing structures: a 3,878 square foot car wash and a 6,171 square foot auto shop. The property can be delivered vacant, providing immediate access for redevelopment. Its prime location, a short walk from the Jamaica Center Train Station, ensures high visibility and accessibility, guaranteeing significant foot and vehicular traffic. This strategic positioning, combined with the substantial buildable area and flexible zoning, makes this property ideally suited for a variety of projects, from residential and commercial developments to innovative mixed-use concepts. The scale and potential of this site make it a rare find in a thriving urban center. This is a chance to capitalize on a high-demand location and create a significant return on investment. The property is priced at $11,300,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.8079
- Latitude
- 40.7012
