3534 156Th St Flushing, NY 11354
This exceptional 0.12-acre lot at 3534 156th St, Flushing, NY, presents a unique investment opportunity. Currently occupied by a residential house, the property comes complete with approved development plans for a daycare center. These plans, including detailed architectural drawings, have already received the necessary approvals from the town, streamlining the development process and minimizing potential delays. The existing building footprint is 2,370 square feet, situated on a 5,050 square foot lot. This provides ample space for a substantial daycare facility. The property's location in Flushing, NY offers excellent accessibility and visibility, making it an ideal location for a thriving daycare business. The asking price of $2,750,000 reflects the significant value of the approved plans and the prime location. This is a turnkey opportunity for an investor looking to capitalize on the high demand for childcare services in the area. All necessary documentation, including the approved architectural drawings and town approvals, are readily available for review. This is a rare chance to acquire a fully permitted development project, eliminating the time and expense associated with obtaining approvals. The property is ready for immediate development, offering a swift path to generating income and a strong return on investment. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.