8219 Queens BlvdElmhurst, NY 11373

This exceptional commercial property, located at 8219 Queens Blvd in Elmhurst, NY, presents a remarkable investment opportunity. The 2,865 square foot building sits on a 0.07-acre lot (31ft x 40ft x 102ft deep) and boasts a prime location in the heart of Elmhurst, just minutes from the Grand Ave subway station (E, F, M, R trains) and numerous bus lines (Q60, Q58, Q53, Q59, Q29). Previously used as a restaurant, club, and senior center, the property's C2-3 zoning with an R6 overlay allows for a diverse range of business uses. The property's significant development potential is highlighted by its adjacency to a lot of 2,812 square feet, which has achieved a 13,424 square foot buildable area based on a 100-foot wide street. This demonstrates the potential for up to a 3 FAR (Floor Area Ratio) with community facility uses allowing up to 1 FAR and commercial uses also allowing up to 1 FAR. Given the identical zoning to the adjacent property, this 2,865 square foot lot could potentially allow for a maximum 4.85 FAR, resulting in a buildable area of approximately 13,895 square feet, combining residential and commercial uses. Priced at $2,990,000, this property offers a compelling opportunity for savvy investors seeking high-return potential in a thriving Elmhurst location. Don't miss this chance to acquire a property with significant upside.