SP Capital Group is pleased to offer this exceptional development opportunity located at 27-24 College Point Blvd, in the rapidly growing neighborhood of College Point, Queens. This vacant lot spans 5,750 square feet and offers great potential for future development, with zoning that allows for 7,762 buildable square feet (BSF) as-of-right, and up to 11,500 BSF with the facility bonus.
The property is strategically located on the corner of 28th Ave and College Point Blvd, offering excellent visibility and access to major roadways, including the Whitestone Expressway. This prime site is just minutes away from a variety of local amenities, including restaurants, shops, markets, schools, parks, and national retailers, making it an ideal location for residential or commercial development.
With its versatile zoning (R5B/R4), this property presents significant opportunities for builders and developers looking to capitalize on the growing demand for new developments in this area. Seller financing is available, making this a unique opportunity for investors to secure a highly desirable site.
Key Highlights:
Lot Size: 5,750 SF (66ft x 130ft)
Zoning: R5B/R4 (1.35 FAR)
Buildable Square Footage: 7,762 BSF (11,500 BSF with facility bonus)
Asking Price: $3,326,000
Seller Financing Available: 90% of purchase price with 10% down
This site is ideal for developers seeking a prime location with flexible development options. Don't miss the opportunity to acquire a corner lot in one of Queens' most sought-after neighborhoods.
For more information, please contact us today.