69-20 Myrtle Ave Queens, NY 11385
- Day care centers
- 4,768 SF
Current Use by Public Records
- Day care centers
Property Details for 69-20 Myrtle Ave
- Year built
- 1939
- Property size
- 4,768 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
This exceptional Queens retail property, located at 69-20 Myrtle Avenue, presents a remarkable investment opportunity. Boasting 4,768 square feet on a corner lot, this building offers versatile space ideal for a variety of uses. Currently zoned R5, the property includes a main floor and an approximately 1,700 square foot basement, perfect for retail, restaurants, or other commercial ventures. The 1939 construction provides a solid foundation, and the asking price is $2,250,000, translating to $471.90 per square foot. The property's bright and spacious layout is further enhanced by the potential to add up to 5,000 square feet of residential space on the second floor, significantly increasing the property's value and potential income streams. The lot size is 4,768 square feet. This prime location in Queens offers excellent visibility and accessibility, making it an attractive proposition for both owner-occupiers and investors. The property's versatility, combined with its strategic location and development potential, makes it a truly unique investment opportunity. Note that the 2019 property tax was $30,000 annually. This property is also available for lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8821
- Latitude
- 40.7018
