Ready For Development!

Size
9,880 sq. ft.
Address
170-08 Jamaica Avenue, Jamaica, NY 11432
Property Type
Industrial, Retail / Commercial, Development, Mixed-Use, Investment
Block & Lot
10212 / 1
Zoning
C2-4 / R6A
Special Features
Strategically located at the Top of the Jamaica Retail District! This Prime commercial site is available. Zoning provides for Retail, Commercial / Residential Development, or Investment Plot: 14,970 SF 44,910 SF Buildable 6,470 SF of Contiguous Parking For Sale Present Use: Retail Lot Size: 14,970SF Basement: Partial Storage Taxes: $61,714.00 FAR: 3 / 44,910SF Year Built: 1931 Lease Term: 11/09/2006-10/31/2026 Tax Base: $29,630.00 - Approximate Options: 11/01/2026-10/31/2031 11/01/2031-10/31/2036 Base Rent: $175,000.00 Present Rent: $231438.89 Escalations: 5% year 3 followed by 3% through balance of Lease term Option Rent: 5% Year 21 followed by 3.5% through Year 25 5% Year 26 followed by 3.5% through Year 30
Exclusive Agent(s)
Broker’s Cooperation Invited
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