97-31/33 Waltham St Queens, NY 11435
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 97-31/33 Waltham St
- Year built
- 1920
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents two contiguous lots totaling 4,800 square feet (48' x 100'), located at 97-31/33 Waltham Street in Jamaica, Queens, NY 11435. The property is zoned C4-5X, allowing for a diverse range of mixed-use development options. With a combined buildable area of 24,000 square feet, this site offers significant potential for a substantial project. The asking price is $3,000,000, translating to approximately $125 per buildable square foot. Built in 1920, the existing structures are currently configured as a four-unit multifamily property. The property's location in Queens offers easy access to major transportation routes and a vibrant community. Prospective buyers are encouraged to conduct thorough due diligence, including a review of the C4-5X zoning regulations, to fully understand the development potential and any associated limitations. This is a rare chance to acquire a large, mixed-use parcel in a prime Queens location. The property's size and zoning make it ideal for a variety of commercial and residential projects, offering a strong return on investment for the right developer. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8061
- Latitude
- 40.6961
