32-31 Jct Blvd Queens, NY 11369

This exceptional mixed-use property, located at 32-31 Junction Boulevard in Queens, New York, presents a compelling investment opportunity. The 1,940 square foot lot (20' x 97') features two buildings constructed around 1920. Currently configured with first-floor commercial space and second-floor residential apartments, the property offers significant potential for redevelopment. The R6A zoning, with a C1-4 overlay, allows for the construction of a much larger mixed-use building, potentially six to eight stories. This presents a unique chance to capitalize on the high demand for commercial and residential space in this vibrant Queens neighborhood. The property benefits from natural gas heating and public sewer connections. Annual property taxes are $7,375. The seller is also offering the adjacent property, creating the possibility of developing a substantially larger 40' x 97' lot with two buildings. This prime location on Junction Boulevard, near Northern Boulevard, ensures high visibility and accessibility. Investors seeking a high-return opportunity with significant upside potential should act quickly to explore this remarkable property.