FOR SALE: Exceptional Development Opportunity in Prime Douglaston Location Asking Price: $2.8 Million Firm PRINCIPALS ONLY Address: 42-36 235th St, Douglaston, NY 11363 Property Overview: Presenting a rare development opportunity in one of Queens' most desirable neighborhoods. This property is a true gem, offering a combination of income-producing potential, prime location, and development flexibility. Whether you're an investor seeking stable returns or a developer looking to capitalize on the growing demand for residential spaces, this property checks all the boxes. With strong development potential and a triple-A corporate tenant, the property offers a unique chance to secure an asset that will continue to appreciate. Key Property Features: Zoning & Development Potential: lot size dictates possible rezoning with several other development lots on same block Zoned R6-A and RS-B, ability to file for variance available to build multi family residential development, giving you the flexibility to create a multi-family property that meets the needs of the modern market. The zoning allows for residential/commercial use, ensuring long-term demand and opportunities for expansion. Stable Income: The property is currently leased to a Triple-A corporate tenant who has committed to a lease through January 2028, providing a steady and reliable cash flow. This is a prime opportunity for buyers seeking consistent, hands-off income. Upgraded Electrical Service: Recently upgraded 3-phase, 400 amp electrical service ensures the property is well-equipped for the demands of modern commercial or residential use, allowing for efficient and scalable development. Survey Included: on request A full property survey is included, giving you the information needed to move forward with confidence in your investment. Prime Location & Unbeatable Accessibility: Public Transit: This property offers unmatched convenience for commuters. Located just a 2-minute walk from the Long Island Rail Road (LIRR) station, you'll have direct access to Manhattan in under 30 minutes, making this a prime location for tenants seeking an easy commute. The LIRR also provides access to the surrounding areas of Queens, Brooklyn, and Long Island, offering an exceptional transportation hub. Retail & Amenities: Within walking distance to a diverse range of shops, restaurants, and essential services, the location is perfect for both business and residential needs. Whether you're looking for local cafes, grocery stores, or boutiques, the vibrant Bayside/Douglaston neighborhood has it all. Educational & Family-Friendly Community: Douglaston/Bayside is known for its highly regarded public and private schools, making it an ideal area for families looking to settle in a safe, family-friendly environment. The neighborhood is also home to parks, green spaces, and recreational facilities, adding to the appeal of the location for potential residents and tenants. Investment & Development Highlights: Income-producing Asset with Strong Upside: With a triple-A tenant in place, you can enjoy steady income through 2028, while simultaneously exploring the development opportunities this property offers. Variance for Commercial/Residential Development: The potential ability to secure a variance for a multi story residential building adds incredible upside potential. As demand for housing in the area continues to grow, this is an exceptional chance to tap into the market with a highly desirable development. Unrivaled Location for Growth: Douglaston/Bayside continues to see an influx of new businesses, residents, and infrastructure improvements, making this property a prime candidate for future appreciation. Its proximity to public transit, shopping, and key community resources ensures it will remain a hotspot for residential development in the coming years. Why This Property? This is a turnkey investment with long-term stability and major development upside. Whether you want to capitalize on steady rental income from the current tenant or develop a high-end residential project in one of Queens' most sought-after neighborhoods, this property provides the best of both worlds. With its prime location, modern amenities, and significant development potential, this property offers an incredible opportunity to maximize both short-term returns and long-term growth. Contact Us Today! This type of opportunity doesn't come around often. Act now to secure this prime development asset before it's gone. Reach out to us today for more information or to schedule a private tour of the property. CONTACT EMAIL :rentals4236@gmail.com Serious inquiries only.