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108-03 Beach Channel Drive - 108-03 Beach Channel Drive 8.6 Acres of Commercial Land Offered at $24,000,000 in Queens, NY 11694
Investment Highlights
- Unique Large Lot with Substantial Commercial Development Potential
- Favorable Supply / Demand Fundamentals
- Wide Array of Potential Uses
- Outstanding Regional Connectivity
- ICAP Tax Abatement Eligibility
Executive Summary
JLL Capital Markets has been retained on an exclusive basis to arrange for the sale of 108-03 Beach Channel Drive, a 8.6 Acre waterfront commercial lot with substantial development potential in Rockaway Beach, Queens. Featuring direct access to Manhattan, Brooklyn & Queens via the Marine Parkway Bridge, the Cross Bay Memorial Bridge and the Rockaway Ferry, this offering presents a rare opportunity to occupy, and / or reposition an undeveloped parcel of substantial scale in Queens. The Property provides convenient and direct access by vehicle to JFK Airport in 25 minutes (9.5 miles), Brooklyn in 15 minutes (6.7 miles) and Nassau County in 20 minutes (6 miles). With M1-2 zoning, the Site supports a wide range of manufacturing / industrial uses and commercial development. Additionally, the Property qualifies for the Industrial and Commercial Abatement Program (ICAP), a tax incentive which will reduces property taxes for a duration of 15-25 years. With tremendous accessibility and strong underlying fundamentals, 108-03 Beach Channel Drive presents a unique opportunity for an investor or an end-user to acquire one of the last pieces of undeveloped land in Queens at this scale.
Property Facts
| Price | $24,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 8.60 AC |
| Property Type | Land | ||
| Zoning | M1-2 - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $24,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 8.60 AC |
| Zoning | M1-2 - Light industrial with offices, hotels, and most retail uses permitted |
1 Lot Available
Lot 110 & 155
| Price | $24,000,000 | Lot Size | 8.60 AC |
| Price Per AC | $2,790,697.67 |
| Price | $24,000,000 |
| Price Per AC | $2,790,697.67 |
| Lot Size | 8.60 AC |
8.6 Acres of Unencumbered Land with 749,000+ ZFA of Development Potential
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Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (86)
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108-03 Beach Channel Drive - 108-03 Beach Channel Drive
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