Current Use by Public Records
- Retail properties & Spaces
Property Details for 253-06 Hillside Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional multi-tenant medical office property, located at 253-06 & 253-10 Hillside Avenue in Bellerose, Queens, NY 11426, presents a rare investment opportunity. The property boasts a total of 5,896 square feet across two units, situated on a substantial 20,000 square foot lot. Its R3-2/C1-3 zoning allows for a diverse range of uses, making it highly versatile. Currently configured as a medical office complex, the property's prime location at a high-traffic intersection offers significant visibility and accessibility. The substantial lot size presents considerable redevelopment potential, exceeding the as-of-right development potential with the City of Yes Housing Opportunity Proposal, potentially allowing for over 30,000 buildable square feet. This presents a unique chance to capitalize on the growing demand for medical office space and explore various development options, including retail, residential, electric vehicle charging stations, and battery storage. The property's strategic location and flexible zoning make it an ideal investment for both experienced developers and savvy investors seeking a high-return opportunity in a thriving Queens County market. This is a truly exceptional opportunity to acquire a significant property in a prime location with substantial upside potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bellerose
- County
- Queens
- State
- New York
- Longitude
- -73.7144
- Latitude
- 40.7357
