Cushman & Wakefield has been retained on an exclusive basis for the sale of 78-06 Queens Boulevard, a prime corner development opportunity in Elmhurst, Queens.
The subject property features a 10,302 square foot lot situated on the southeastern corner of Hillary Street & Queens Boulevard.
The property is zoned C4-2 (R6 Equivalent) and allows for the ability to develop up to approximately 50,000 buildable square feet. The property also has approved plans precedent for a mixed-use/hotel development of 48,453 square feet. Currently on the property is a month-month auto tenant paying $7,000/month, the property can be delivered vacant.
Queens Boulevard is the most highly-trafficked thoroughfare in Queens and this specific portion is frequented by over 50,000 vehicles per day. The subject property is in direct proximity to the most active retail pocket in the borough; the Queens Place Mall, Queens Center Mall, and Rego Center Mall are all located within a mile and collectively span over 2.5 million square feet of retail and commercial uses.
The property is easily accessed via the Brooklyn-Queens Expressway, Long Island Expressway, M & R trains at Grand Avenue, and numerous bus lines that run along Queens Boulevard and Grand Avenue.
Property inspections are by appointment only. Please inquire within.
