Commercial Sale in Astoria, Queens, NY 11105 | Web ID: PH561184 | $4,500,000

Introducing an exceptional development prospect located in one the best exposed corner in astoria, ny this well-positioned corner lot, strategically situated at the southwest intersection of 31st street and 23rd avenue, holds significant promise for forward-thinking developers. Encompassing an approximate area of 4, 501 sq. Ft. , the property features a one-story retail building covering around 4, 251 sq. Ft. Boasting a c4-3 zoning classification and favorable floor area ratio (far) ratios, this property offers a versatile foundation for potential development. Seize the opportunity provided by as-of-right allowances to explore a residential buildable area of 13, 503 sq. Ft. And a commercial buildable area of 15, 303 sq. Ft. With the incorporation of inclusionary housing, the residential buildable extends to approximately 16, 204 sq. Ft. , while the community facility buildable reaches 21, 605 sq. Ft. These generous far ratios open up exciting possibilities for residential, mixed-use, commercial, and community facility development. The property's strategic corner positioning ensures excellent visibility and accessibility, attracting a substantial flow of foot traffic. Its proximity to various transportation options, including the n & w subway lines and five bus lines, further enhances its appeal. Featured commercial sales.