40-44 82Nd St Elmhurst, NY 11373

This exceptional Elmhurst, Queens investment property, located at 40-44 82nd Street, presents a rare opportunity for owner-users. The completely vacant, two-story building, constructed in 1931, offers 4,262 square feet of space across three units. The ground floor is ideally suited for retail use, given its prime location at the crossroads of Corona, Jackson Heights, and Elmhurst. The second floor provides versatile office space, while the third floor features a spacious three-bedroom apartment. This unique combination of commercial and residential space offers significant potential. The property sits on a 2,011 square foot lot (18.8' x 118.98'), with a building size of 20' x 60'. The permitted zoning is R6, C1-3, allowing for a maximum buildable square footage of 4,262. Additional development potential may exist, given the maximum FAR and air rights of 2.43 and 4,887 respectively. Convenient access to multiple subway lines (7, R, M, E, and F trains) adds to the property's appeal. The asking price is $2,950,000, and annual property taxes are $26,501. This is a unique opportunity to acquire a multi-use property in a high-demand location with significant upside potential. The absence of comparable recent sales in the area underscores the rarity of this offering.