Prime Development Site | Retail | Approved Plan
Prime Development With Approved Plan | Flushing, NY
Marketing description
Prime development site in the heart of Flushing, currently occupied by a three-story walk-up building with a full basement on the north side of Sanford Avenue. The lot size is approximately 50 ft x 140 ft. The zoning is R7-1. A 9 stories 39 units (38 residential + 1 community facility) condo plan has been approved. The site will deliver with the approved plan and can start processing at any time. The building has a month-to-month tenant now.
Investment highlights
PRIME DOWNTOWN FLUSHING LOCATION, short distance to 7 train main st station.
7,000 SF lot, zoned as R7-1, the current plan has been approved for a 32,406 SF condo development.
The existing building has 17,000 Square Footage with 18 residential units and 5 commercial units, all units are free market.
Discover a development opportunity with an income-producing property and a huge potential for appreciation.
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