120 Victory BlvdStaten Island, NY 10301

For Sale
$2,350,000

Staten Island Office Space, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This vacant, 10,700 square foot office building, situated on a 15,000 square foot lot in Staten Island's Tompkinsville district, presents a unique investment opportunity. Built in 1939, this two-story, Class C property boasts a prime location on Victory Boulevard, offering high visibility and accessibility. The building is currently configured as a creative, medical, or traditional office space, but its C2-1 zoning allows for diverse development options. With a current FAR of 0.71 and a maximum potential FAR of 2, there's significant room for expansion or redevelopment, up to a maximum usable floor area of 18,750 square feet. The asking price is $2,350,000, translating to $219.63 per square foot. This historic building, with its rich history and untapped potential, offers a compelling opportunity for investors seeking a high-return project in a desirable location. The property's substantial lot size provides ample space for outdoor amenities or future development. The building's location across from Brook Street, near the historic Victory Theatre, adds to its unique character and appeal. This is more than just a building

Highlights

  • Prime Victory Boulevard location in Tompkinsville, Staten Island, across from Brook Street.
  • Former Victory Theatre (originally Tompkinsville Theatre), built in 1925, offers unique redevelopment potential.
  • Property boasts a Residential FAR of 1.25 and a Facility FAR of 2, significantly exceeding the existing 0.71 FAR.
  • 18,750 square feet of maximum usable floor area allows for substantial expansion or redevelopment.
  • Versatile zoning (R5, C2-1, and HS) permits diverse residential and commercial development options.

Property Details for 120 Victory Blvd

Property type
Other office properties, Medical offices
Square Feet
10,700 SF
Class
C
Year Built
1939
Buildings
2
Stories
1

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.637287839734
Longitude
-74.080589167088
120 Victory Blvd, Staten Island, New York

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120 Victory Blvd
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