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    8219 Queens Blvd Elmhurst, NY 11373

    Sponsored
    For Sale
    $2,990,000

    High-traffic Elmhurst retail space, development potential.

    Property size:
    2,865 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 8219 Queens Blvd in Elmhurst, NY, presents a remarkable investment opportunity. The 2,865 square foot building sits on a 0.07-acre lot (31ft x 40ft x 102ft deep) and boasts a prime location in the heart of Elmhurst, just minutes from the Grand Ave subway station (E, F, M, R trains) and numerous bus lines (Q60, Q58, Q53, Q59, Q29). Previously used as a restaurant, club, and senior center, the property's C2-3 zoning with an R6 overlay allows for a diverse range of business uses. The property's significant development potential is highlighted by its adjacency to a lot of 2,812 square feet, which has achieved a 13,424 square foot buildable area based on a 100-foot wide street. This demonstrates the potential for up to a 3 FAR (Floor Area Ratio) with community facility uses allowing up to 1 FAR and commercial uses also allowing up to 1 FAR. Given the identical zoning to the adjacent property, this 2,865 square foot lot could potentially allow for a maximum 4.85 FAR, resulting in a buildable area of approximately 13,895 square feet, combining residential and commercial uses. Priced at $2,990,000, this property offers a compelling opportunity for savvy investors seeking high-return potential in a thriving Elmhurst location. Don't miss this chance to acquire a property with significant upside.

    Property Features for 8219 Queens Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    2,865 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Elmhurst Adult Day ... Adult Day Care Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.88057
    Latitude
    40.73782

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    FAQs

    What type of property is this?
    Retail property - High-traffic Elmhurst retail space, development potential.
    Where is this retail property located?
    The property is located at 8219 Queens Blvd Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $2,990,000.
    (718) 762-2288
    Request Owner's contact information
    8219 Queens Blvd Elmhurst, NY 11373
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    Elmhurst, NY 11373
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8219 Queens Blvd Elmhurst, NY 11373
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