168-30 89th Avenue, Jamaica, NY


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About 168-30 89th Avenue

Property for LEASE - Medical Center - NYC - APPROVED PLANS for residential for an ambitious corner lot expansion in the Jamaica Center area: a 5-story building comprising 32 residential units (revisions can be made to double this- VERY RARE commercial corner building), complemented by a community facility. This expansion plan includes underground parking for 20 cars, aligning urban requirements. Prime commercial property presents a remarkable investment opportunity. This strategic corner asset encompasses two distinct lots: the first, a generous 5,000 square feet area (50 ft x 100 ft), is graced with a versatile two-story building; the second, a 2,500 square foot lot (25 ft x 100 ft) , falls under the R6A zoning- sold together. The existing structure boasts a practical basement, ideal for storage needs, and a capacious parking facility, accommodating up to 20 vehicles. This expansion plan thoughtfully includes underground parking for 16 cars, aligning with modern urban requirements.The property's enviable location amplifies its appeal. It sits conveniently close to major thoroughfares and public transport links, ensuring easy accessibility. Furthermore, the area is a hotspot of residential development, thriving within a densely populated and vibrant community. This convergence of location, versatility, and developmental potential makes this property an ideal choice for investors and developers seeking a foothold in a dynamic and growing urban landscape.

Features of 168-30 89th Avenue

MLS® # 3516002
Price $8,000,000
Bathrooms 0.00
Acres 0.17
Year Built 1957
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 168-30 89th Avenue
City Jamaica
County Queens
State NY
Zip Code 11432

Additional Information

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Is Waterfront No
Has Pool No


Heating Natural Gas, Baseboard
Fireplace No

Additional Information

Zoning R6A
Short Sale No
RE / Bank Owned No
Taxes (total) $24,025

Listing Details

OfficeThe Agency Northshore NY
Office Contact631-870-0753

Listing Map

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