Property Details for 18-17 Cross Bay Blvd

Year built

1960

Property size

10,500 SF

Property type

Specialty properties

Property subtype

Retail properties & Spaces

Description

This 10,500 sq ft property in Queens, NY, offers a unique blend of existing commercial uses and significant redevelopment potential. Currently operating as an auto shop and grocery store, the property boasts three units totaling 3,000 net rentable square feet within a single building constructed in 1960. The 20-foot ceilings and expansive 10,500 sq ft lot provide ample space for expansion or repurposing. The property is zoned Use Group 16 (grandfathered commercial), allowing for a variety of uses, including auto body shops, gas stations, and spray booths. A zoning attorney has indicated potential for rezoning to C-2 or C-3, or upgrading from R3-A to R3-2, which could significantly increase the buildable footprint to approximately 10,000 sq ft. This prime location on Cross Bay Boulevard, the only main road connecting Rockaway and Howard Beach, ensures high visibility and traffic, with 23,000 vehicles passing daily. The property serves a community of over 20,000 residents lacking similar services, creating a captive market for various businesses. Seller financing is available. The asking price is $2,000,000, with a price per square foot of $190.48. This presents a rare opportunity for an investor or entrepreneur seeking a high-growth, low-competition market. The property's flexibility allows for diverse development options, including expansion of existing businesses, creation of a new grocery store, medical clinic, storage facility, or restaurant, or even subdivision of the lot. All information should be independently verified.

Location Insight

City

Queens

County

Queens

State

New York

Longitude

-73.8209

Latitude

40.5998