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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.
Highlights
High-traffic location on Cross Bay Boulevard, the only main road connecting Rockaway and Howard Beach, with 23,000 vehicles passing daily, ensuring high visibility.
Captive market of over 20,000 residents lacking similar services, creating a strong demand for various businesses.
Multiple business opportunities including grocery store, medical clinic, storage facility, and restaurant.
Existing automotive services use is grandfathered, with potential for expansion.
Potential for significant expansion: up to 6,300 sq ft under current zoning, and up to 10,000 sq ft with potential rezoning.
10,500 sq ft lot with a 10,500 sq ft building containing three units totaling 3,000 net rentable square feet. 20-foot ceilings.
Property Details
for 18-17 Cross Bay Blvd
Property type
Other specialty properties, Other retail properties
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Contacts
James Ruff
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Useful Information
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18-17 Cross Bay Blvd, Queens, New York, 11693
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.