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!