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$ 1,588,888
Est. payment | /mo
5,000 Sqft Lot
$ 1,588,888
Est. payment | /mo
5,000 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11662623
Lot Size 5,000 Sqft
Property Description
Prime development opportunity in the heart of Richmond Hill! This 50 x 100 lot is positioned within R6B zoning with a C2-4 commercial overlay, offering outstanding potential for residential or mixed-use redevelopment. With a base FAR of 2.0 and the potential to reach up to approximately 2.4 FAR through applicable city programs and incentives (buyer to verify with architect), developers have the opportunity to create an estimated 10,000 to 12,000 square feet of buildable space. The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor. Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.
Location
State NY
County 36081
Rooms
Kitchen 0
NEARBY SCHOOL & BUSINESS