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    8940 Metropolitan Ave Rego Park, NY 11374

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    For Sale
    $4,400,000

    Land for mixed-use or retail development with high visibility.

    Property size:
    36,500 SF
    Lot size:
    0.42 Acres

    Property Features for 8940 Metropolitan Ave

    General Information

    Size
    36,500 SF
    Lot size
    0.42 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Metropolitan Avenue Development Opportunity

    This property offers an opportunity for development, with zoning allowing for approximately 36,500 square feet of mixed-use development or a retail development with parking. The site features nearly 250 feet of wraparound frontage along Metropolitan Avenue and Aubrey Avenue, providing visibility and accessibility near Woodhaven Boulevard. The location is one block from Trader Joe’s, Dick’s Sporting Goods, Home Depot, Michaels, Panera Bread, Panda Express, and other retailers.
    Location Intelligence

    Current Use by Public Records

    Parts Authority Auto Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rego Park
    County
    Queens
    State
    New York
    Longitude
    -73.860791
    Latitude
    40.711675

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    FAQs

    What type of property is this?
    Land - Land for mixed-use or retail development with high visibility.
    Where is this land located?
    The property is located at 8940 Metropolitan Ave Rego Park, NY.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: - Zoning allows for a ~36,500 ZFA mixed-use development, or a retail development with parking.; - Nearly ~250 of wraparound frontage along Metropolitan Avenue and Aubrey Avenue.; - Exceptional visibility and ease of access just off Woodhaven Boulevard.
    (516) 647-7155
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    8940 Metropolitan Ave Rego Park, NY 11374
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    Rego Park, NY 11374
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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
    8940 Metropolitan Ave Rego Park, NY 11374
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