440 Bay StStaten Island, NY 10304

This exceptional investment opportunity encompasses two properties at 440-442 Bay Street and 2 Baltic Street in Staten Island's vibrant Stapleton neighborhood. The main offering, 440-442 Bay Street, is a 5,244 square foot retail storefront, currently configured as eight units across a three-story building (with additional storage on upper floors). Previously occupied by a Harley Davidson sales center, this property boasts a prime location within the Bay Street Corridor Plan area, poised for significant future growth. The building, constructed in 1931, sits on a 7,890 square foot lot and includes six parking spaces. The permitted zoning is C2-3. Preliminary plans exist for a six-story mixed-use building on the site, reflecting the area's ongoing transformation. The adjacent property at 2 Baltic Street includes two garages, one permanent and one temporary, adding further development potential. The asking price for the entire portfolio is $1,999,000, representing a price per square foot of $381.20. This represents a unique chance to capitalize on the Stapleton Transformation, a revitalization initiative aiming to create a vibrant, diverse, and well-planned infrastructure. The property's location, size, and development potential make it an attractive investment for both seasoned and emerging developers. The APN for the main property is 00507-0012 & 17.