Two-Lot Commercial Development
For Sale
Contact for pricing
Pending
43-02 31st Ave, Astoria, NY 11103
Rezoned land with existing retail improvements and residential development capacity under current regulations.
Property SizeContact for details
Days on Market142
Property Features for 43-02 31st Ave
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Landair Property Advisors
(516) 658-1222
Listed By:
Dean Abouelhassan · License #10401372021
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 11:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landair Property Advisors
Investment Insights
Based on property information with market context.
This commercial land offering combines two adjacent lots totaling 7,177 square feet, with two existing retail buildings providing 4,536 square feet of built space. Both structures are occupied, and each lease includes a six-month demolition clause. The 175.8-foot by 98.71-foot IRR island lot is zoned R6A / C1-3 and supports approximately 27,990 square feet of residential buildable area under current zoning. New construction must comply with Mandatory Inclusionary Housing regulations.
The property is 0.3 miles from the 46th St E/F/M/R subway station, with reported access to Midtown Manhattan in under 25 minutes. The surrounding area includes residential housing, local retail, and new development activity. The site can support multifamily or mixed-use development, while the existing improvements provide an alternative repositioning strategy.
The property is 0.3 miles from the 46th St E/F/M/R subway station, with reported access to Midtown Manhattan in under 25 minutes. The surrounding area includes residential housing, local retail, and new development activity. The site can support multifamily or mixed-use development, while the existing improvements provide an alternative repositioning strategy.
Key Highlights
- Two adjacent lots totaling 7,177 Sq. Ft.
- Existing retail buildings provide a combined 4,536 Sq. Ft. of built space
- 175.8’ x 98.71’ IRR island lot
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,159
Businesses Nearby
238k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 29%
Shops & Services 27%
Electronics 4%
McDonald's
Dining
28,219 visits/mo
0.3 miles
Key Food Supermarket
Groceries
20,925 visits/mo
0.3 miles
Starbucks
Dining
20,474 visits/mo
0.2 miles
Las Margaritas
Dining
14,548 visits/mo
0.3 miles
C-Town Supermarkets
Groceries
14,284 visits/mo
0.4 miles
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Rezoned land with existing retail improvements and residential development capacity under current regulations.
Where is this commercial land located?
The property is located at 43-02 31st Ave Astoria, NY.
What are key features of this property?
This property features: Two adjacent lots totaling 7,177 Sq. Ft.; Existing retail buildings provide a combined 4,536 Sq. Ft. of built space; 175.8’ x 98.71’ IRR island lot
