Prime LOCATION in LIC. This 5,000 sq ft warehouse is BUILDABLE to 15,000 sq ft or more for mixed-use. It includes a drive-in gate, large open space, 2 bathrooms, 16 ft ceilings, kitchen setup with hood, small office, fireproof structure, 400 AMPS electric, and floor drains.
Located in central Long Island City, it's within walking distance of subway lines and near major roadways for easy access to Manhattan, Queens, and beyond. The property has a paying tenant who would like to stay but CAN ALSO BE DELIVERED VACANT.
Zoning permits 15,000 sq ft of mixed-use buildable space. An attached zoning analysis, conducted before the City of Yes initiatives, outlines a plan for 8,258.5 sq ft of residential space and 6,741.5 sq ft of commercial space, totaling 15,000 sq ft. With the recent City of Yes initiatives, there may be opportunities to increase the allowable buildable square footage beyond 15,000 sq ft..
BUILDING CAN BE UTILIZED IN A VARIETY OF WAYS:
* For an Owner user – building will be delivered vacant w/ future upside potential.
* For a passive investor - one can continue to collect rent from existing tenant w/ future upside potential.
* For a developer – one can collect rent from existing tenant until such time as plans are ready to develop.