Prime Investment Opportunity: Expansive Commercial Development in NYC's Jamaica Center
Explore the pinnacle of urban development with this strategically positioned corner lot in the bustling Jamaica Center area of New York City. Envision your next ambitious project with already approved plans for a significant expansion. This opportunity features:
Expansive Dual-Lot Offering: Spanning a total of 7,500 sq ft, this package includes a 5,000 sq ft corner lot hosting a versatile two-story building, alongside an adjacent 2,500 sq ft lot under R6A zoning.
Approved Expansion Potential: Leverage approved plans for a transformative 5-story building, initially comprising 32 residential units. Unique to this property, the option exists to revise and potentially double this count, maximizing the building's footprint on this rare commercial corner lot.
Integrated Community Facility: Enhance community engagement with a dedicated facility, adding value and appeal to the residential complex.
Parking Solution: Address urban space constraints with a thoughtfully planned underground parking facility, accommodating 16 vehicles – a premium feature in NYC's landscape.
Prime Location Advantage: Located near major thoroughfares and public transportation hubs, this property promises unparalleled accessibility. It stands amidst a zone of rapid residential growth, embedded in a densely populated and vibrant community.
Versatile Existing Structure: The current two-story building includes a practical basement, perfect for storage or operational needs, and an existing parking facility for up to 20 cars.
This unique commercial property presents an unmissable opportunity for savvy investors and developers. It offers the perfect blend of location, versatility, and expansion potential – key ingredients for a successful venture in New York City's dynamic urban landscape.