89-71 164th St Unit COMMERCIAL, Queens, NY 11432

$8,500,000

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List Price
$8,500,000
Status
ACTIVE
MLS#
RLS20069839
Price Change
▼ $450,000 1774063919
Property Type
RentalBuilding
Year Built
1951
Days on Market
175
County
Queens
Subdivision
Jamaica
Neighborhood
Jamaica
Total Number of Rooms
1
Region
Queens

Property Description

89-71 164th Street - Approved Hotel Development Opportunity Jamaica, Queens Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens' growing corridors. The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability. Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity. Property Details Approx. 9,800 SF lot (per plot plan) Approved 30,000 SF hotel development Approx. 6,000 SF floor plates Located in a C6-2 zoning district Investment Highlights Shovel-ready with approved plans Prime transit-oriented location JFK Airport Strong demand drivers from retail, commercial, and institutional uses Efficient building layout for hotel or hospitality use Disclaimer All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.

Additional Information

Number Of Units
1
Building Stories
3
Laundry
None
Pets
No, No

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: varun sharma (varun.sharma@corcoran.com) from Listing Office: Corcoran Group.

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