109-15 Sutphin Blvd Queens, NY 11435

Property Details for 109-15 Sutphin Blvd

Property type

Land

Description

This exceptional 6,282 square foot corner lot at 109-15 Sutphin Boulevard in Jamaica, Queens, presents a remarkable redevelopment opportunity. Located in a vibrant neighborhood, this property boasts approved plans for a substantial 15,876 square foot development, significantly increasing its potential value. The site is zoned R5D, C2-3, allowing for a diverse range of uses. The approved plans encompass three mixed-use buildings, incorporating six apartments and three retail spaces. Demolition is already complete, making this a truly shovel-ready project, minimizing upfront costs and expediting the construction timeline. Its strategic corner location ensures excellent natural light and visibility. Furthermore, its proximity to public transportation is unparalleled, situated just 0.8 miles from the Sutphin Boulevard/Archer Avenue subway station and conveniently served by multiple bus routes. This prime location offers easy access to a wide array of amenities and services, making it an attractive proposition for both residents and businesses. This is a rare chance to acquire a fully permitted, ready-to-build site in a rapidly developing area of Queens, New York, with a compelling asking price of $1,795,000. The property's potential for significant returns makes it an ideal investment for discerning developers seeking a high-impact project in a thriving urban setting. The 11435 zip code offers a dynamic and diverse community.