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    117-18 101St Ave Richmond hill, NY 11419

    For Lease
    Contact for pricing

    6,312 sq ft, R6B/C1-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,312 square foot property located at 117-18 101 Ave in Queens presents a unique long-term mixed-use development opportunity. The single-tenant building currently offers a flexible layout suitable for a variety of uses, including executive office, warehouse, flex space, and creative office configurations. Its versatile nature is further enhanced by its strategic zoning designation: R6B and C1-2. This allows for a diverse range of potential development projects, catering to the evolving needs of the vibrant and densely populated area. The property's substantial size provides ample space for expansion or redevelopment, making it an attractive investment for those seeking significant long-term growth potential. The location within a rapidly growing section of Queens ensures strong demand and future appreciation. This is a prime opportunity for investors and developers to capitalize on the area's dynamic market and create a thriving commercial space. Serious inquiries are encouraged to conduct their own due diligence and submit proposals. The property is offered as a single-tenant building, providing a streamlined ownership experience. The existing structure offers a solid foundation for future development or continued use in its current configuration. The property's zoning allows for a wide array of possibilities, making it an exceptionally versatile investment. This is a rare chance to acquire a significant property in a high-growth area of Queens.

    Property Features for 117-18 101St Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 6,312 square foot retail, office, and industrial space.
    • Single‑tenant occupancy.
    • Located in Queens County.
    • R6B and C1‑2 zoning allows for mixed‑use development.
    • Long‑term development opportunity in a high‑density, growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    Richmond hill
    County
    queens
    State
    New York
    Longitude
    -73.826820206568
    Latitude
    40.689610690765

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    FAQs

    What type of property is this?
    Office space - 6,312 sq ft, R6B/C1-2 Zoning
    Where is this office space located?
    The property is located at 117-18 101St Ave Richmond hill, NY.
    What are key features of this property?
    This property features: 6,312 square foot retail, office, and industrial space.; Single-tenant occupancy.; Located in Queens County.
    Request Owner's contact information
    117-18 101St Ave Richmond hill, NY 11419
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    Richmond hill, NY 11419
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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
    117-18 101St Ave Richmond hill, NY 11419
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