The Bayside Waterfront Development (217-14 24th Avenue) is an ideal opportunity for redevelopment in a high barrier to entry market. The property is zoned R1-2 which allows for low density residential development or community facility development. The site is a great location for new construction residential as it sits in Bay Terrace which is a highly demanded location for single-family homes as well as for community facility development including schools, medical, assisted living, among other uses. The property is an assemblage of two lots grossing ~64,810 square feet, or just under 1.5 acres. The current zoning allows for up to ~32,405 buildable square feet for residential development, and up to ~64,810 for community facility development. Currently there is a tenant in place paying carrying costs through October of 2021. All property inspections are by appointment only. Please inquire with Exclusive Brokers for additional information.