168-30 89th Ave
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168-30 89th Ave
3,500 SF Vacant Office Building Jamaica, NY 11432 $8,000,000 ($2,286/SF)
Investment Highlights
- Versatile Existing Structure: The current two-story building includes a practical basement, perfect for storage or operational needs, and an existing
- Approved Expansion Potential: Leverage approved plans for a transformative 5-story building, initially comprising 32 residential units. Unique to this
- Prime Location Advantage: Located near major thoroughfares and public transportation hubs, this property promises unparalleled accessibility. It stand
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1957
Price
$8,000,000
Price Per SF
$2,286
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,750 SF
Building FAR
0.47
Lot Size
0.17 AC
Zoning
R6A - Commercial
Amenities
- Metro/Subway
- Signage
- Storage Space
- Partitioned Offices
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Now leasing a 2 story 3,500 square foot medical/office building on a 7,500 square foot lot with a parking lot in the heart of Jamaica, Queens. Currently being occupied as a licensed health care facility specializing in nursing, home health aide, personal care, physical therapy, medical social work, and surgical supplies sales.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,750-3,500 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 1,750-3,500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,750-3,500 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Now leasing a 2 story 3,500 square foot medical/office building on a 7,500 square foot lot with a parking lot in the heart of Jamaica, Queens. Currently being occupied as a licensed health care facility specializing in nursing, home health aide, personal care, physical therapy, medical social work, and surgical supplies sales.
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 09801-0051 | Improvements Assessment | $179,640 |
| Land Assessment | $54,000 | Total Assessment | $233,640 |
PROPERTY TAXES
Parcel Number
09801-0051
Land Assessment
$54,000
Improvements Assessment
$179,640
Total Assessment
$233,640
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STREET
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168-30 89th Ave
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