18-17 Cross Bay BlvdQueens, NY 11693

For Sale
$2,000,000

Queens, NY: Prime Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Square Feet
10,500 SF
Year Built
1960
Buildings
1
Units
3

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.5997589
Longitude
-73.8209076
18-17 Cross Bay Blvd, Queens, New York

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18-17 Cross Bay Blvd
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