6314 Roosevelt Ave 6,305 SF 100% Leased Retail Building Woodside, NY 11377 $6,550,000 ($1,038.86/SF) 4.49% Cap Rate

Investment Offering – Value-Add / Redevelopment Opportunity
Strategically positioned along the highly trafficked Roosevelt Avenue corridor, 63-14 Roosevelt Avenue presents a rare covered land play with strong in-place income and significant long-term redevelopment potential.
The property sits on a 7,600 SF (110' x 50') lot and is improved with a 6,305 SF single-story retail building, currently 100% occupied, providing immediate cash flow.
Zoning & Development Potential
Located within a R6/ C1-1zoning district, the asset offers flexibility for mixed-use residential and commercial development.
Potential to build ~12,000+ SF (subject to verification)
Opportunity to capitalize on unused FAR / air rights
Suitable for:
Vertical expansion
Ground-up redevelopment
Mixed-use repositioning (retail + residential)
Assemblage with neighboring parcels
All development potential to be independently verified by purchaser’s architect and zoning counsel.
Location Highlights
Situated just steps from the 82nd Street–Jackson Heights transit hub (7, E, F, M, R lines), the property benefits from:
Exceptional foot traffic
Dense and growing residential population
Strong retail corridor demand
Close proximity to LaGuardia Airport and Midtown Manhattan
Established mix of national and local tenants
Roosevelt Avenue continues to be one of Queens’ most active commercial corridors, supported by sustained multifamily demand and limited supply.
Investment Highlights
Covered Land Play – Stable, 100% leased income in place
Value-Add Upside – Potential to unlock unused FAR
Transit-Oriented Location – Prime accessibility and visibility
Strong Retail Fundamentals – High pedestrian volume and tenant demand
High Barrier-to-Entry Market – Limited new supply in core Queens corridor
Investment Thesis:
This offering represents a rare opportunity to acquire a stabilized, income-producing asset with embedded development optionality in one of Queens’ most supply-constrained, transit-oriented submarkets.