0 Steinway St Queens, NY 11103

This fee-simple Queens, NY property, located on bustling Steinway Street in Astoria, offers a unique development opportunity. The 4,750 square foot lot is zoned R6/C4-2A, allowing for the construction of approximately 23,000 square feet or more, depending on zoning and community facility options. Currently occupied by a vacant one-story, 4,750 square foot nightclub and restaurant, the site presents significant potential. The property benefits from a high-traffic location within Astoria's vibrant nightlife district, surrounded by numerous restaurants, cafes, and nightclubs, and is situated amongst recently constructed buildings, including a ten-unit apartment building with retail space and a six-story hotel. A potential tenant is interested in leasing the roof terrace for $8,000 per month. The asking price is $4,650,000. This site presents a compelling investment opportunity in a densely populated, easily rentable neighborhood. The property's location on a busy retail corridor ensures high visibility and accessibility.