Commercial Sale in Jamaica, Queens, NY 11432 | Web ID: PH544277 | $8,000,000

Nyc - approved plans for an ambitious corner lot expansion in the jamaica center area: a 5-story building comprising 32 residential units (revisions can be made to double this- very rare commercial corner building), complemented by a community facility. This expansion plan includes underground parking for 20 cars, aligning urban requirements. Prime commercial property presents a remarkable investment opportunity. This strategic corner asset encompasses two distinct lots: the first, a generous 5, 000 square feet area (50 ft x 100 ft), is graced with a versatile two-story building; the second, a 2, 500 square foot lot (25 ft x 100 ft) , falls under the r6a zoning- sold together. The existing structure boasts a practical basement, ideal for storage needs, and a capacious parking facility, accommodating up to 20 vehicles. This expansion plan thoughtfully includes underground parking for 16 cars, aligning with modern urban requirements. The property's enviable location amplifies its appeal. It sits conveniently close to major thoroughfares and public transport links, ensuring easy accessibility. Furthermore, the area is a hotspot of residential development, thriving within a densely populated and vibrant community. This convergence of location, versatility, and developmental potential makes this property an ideal choice for investors and developers seeking a foothold in a dynamic and growing urban landscape.