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    15-09 127 St Queens, NY 11356

    Sponsored
    For Sale
    $7,000,000

    8,000 SF Commercial Land, M1-1 Zoning

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    329
    This exceptional 8,000-square-foot commercial development site in Queens, New York, presents a unique investment opportunity. Located at 15-09 127th Street, College Point, this single-ownership property boasts a prime location at a signalized intersection, providing easy access to Interstate 678 and State Route 25A. The site is zoned M1-1 and comprises four lots with pre-approved plans for a mixed-use development. These plans include four warehouses totaling 10,391 square feet on the ground floor, four offices totaling 8,755 square feet on the second floor, and 55 rear parking spaces. The property will be delivered vacant, allowing for immediate development. This is a rare chance to capitalize on the high demand in this thriving area and realize a developer's vision for a versatile and functional commercial project. The asking price is $7,000,000. The property's address is 15-09 127th Street, Queens, NY 11356. This location offers unparalleled convenience and accessibility, making it an ideal site for a variety of commercial ventures. Don't miss this opportunity to acquire a highly desirable development site in a rapidly growing market.

    Property Features for 15-09 127 St

    General Information

    Property type
    Land

    HighLights

    • $7,000,000 asking price.
    • 8,000 square foot commercial development site.
    • M1‑1 zoning.
    • Located in College Point, Queens, NY at a signalized intersection with easy access to I‑678 and Route 25A.
    • Pre‑approved plans for a mixed‑use development including warehouses and offices, plus parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.841241596766
    Latitude
    40.784673656109

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    FAQs

    What type of property is this?
    Land - 8,000 SF Commercial Land, M1-1 Zoning
    Where is this land located?
    The property is located at 15-09 127 St Queens, NY.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price.; 8,000 square foot commercial development site.; M1-1 zoning.
    Request Owner's contact information
    15-09 127 St Queens, NY 11356
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    Queens, NY 11356
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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
    15-09 127 St Queens, NY 11356
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