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    111-24 Northern Blvd Queens, NY 11368

    Sponsored
    For Sale
    $1,700,000

    Prime 0.08-acre commercial land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.08-acre commercial land parcel, located at 111-24 Northern Boulevard in Corona, Queens, presents a remarkable development opportunity. Zoned R6A and C2-4, this property offers significant potential for a variety of uses. The 9,798 square foot lot boasts fantastic visibility and accessibility, situated just three miles from LaGuardia Airport and 1.5 miles from the Grand Central Parkway. Its strategic location across from the SpringHill Suites by Marriott ensures high traffic and visibility, making it ideal for investors or end-users seeking to capitalize on a prime Queens location. The area is vibrant, offering diverse dining, shopping, and cultural attractions, along with convenient access to major transportation hubs. The asking price of $1,700,000 reflects the sale of both the property and the lot. This is a rare opportunity to acquire a versatile property in one of the borough's most dynamic neighborhoods. The property's location and zoning provide a strong foundation for a successful development project, catering to a wide range of commercial or residential possibilities. Don't miss this chance to secure a piece of thriving Corona, Queens. The zip code is 11368.

    Property Features for 111-24 Northern Blvd

    General Information

    Property type
    Land
    Lot Size
    3,485 SF

    HighLights

    • 0.08‑acre commercial lot at 111‑24 Northern Boulevard, Corona, Queens, NY 11368.
    • R6A and C2‑4 zoning allows for diverse development options.
    • 9,798 square foot lot with high visibility and accessibility, near LaGuardia Airport and Grand Central Parkway.
    • High traffic location across from SpringHill Suites by Marriott.
    • Asking price: $1,700,000.
    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
    -73.857741
    Latitude
    40.757748

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    FAQs

    What type of property is this?
    Land - Prime 0.08-acre commercial land
    Where is this land located?
    The property is located at 111-24 Northern Blvd Queens, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 0.08-acre commercial lot at 111-24 Northern Boulevard, Corona, Queens, NY 11368.; R6A and C2-4 zoning allows for diverse development options.; 9,798 square foot lot with high visibility and accessibility, near LaGuardia Airport and Grand Central Parkway.
    Request Owner's contact information
    111-24 Northern Blvd Queens, NY 11368
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    Queens, NY 11368
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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
    111-24 Northern Blvd Queens, NY 11368
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