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- LoopNet Team
1401 Central Ave
Far Rockaway, NY 11691
SALE IN SPECIAL DOWNTOWN FAR ROCKAWAY ZONE · Land For Sale
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0.25 AC
INVESTMENT HIGHLIGHTS
- A Line Subway & Long Island Railroad- 5 minute walking distance
- Corner lot allowing for a larger coverage area
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.25 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Convenience Store | ||
| Zoning | R6/C2-4 - Opportunity Zone | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Convenience Store |
| Total Lot Size | 0.25 AC |
| No. Stories | 1 |
| Zoning | R6/C2-4 - Opportunity Zone |
DESCRIPTION
The lot is in an OPPORTUNITY ZONE (C.T. #1032.02) allowing for a favorable tax ruling. This lot has an approximate area of 10,950 SF. Presently there is a legal 1940 SF Convenient Store which will be delivered vacant at closing. The development site is located within the "SPECIAL DOWNTOWN FAR ROCKAWAY ZONING". The zoning is R6/C2-4 with increased bulk and density due to the special zoning rules. A 9 story building can be erected at this site. The site offers a potential 50,000 SF development site. There is aprroximately 13 new construction projects in progress within a half mile radius of this lot. There is a new school and library being built on this street and with over 1400 residential units to be built across the block from this location. Far Rockaway will see a $139M infrastructure and street upgrades to the 25 block area now in progress. The area is in a surge of booming development!
PROPERTY TAXES
| Parcel Number | 15544-0040 | Improvements Assessment | $47,700 |
| Land Assessment | $176,850 | Total Assessment | $224,550 |
PROPERTY TAXES
