6314 Roosevelt Ave - Bar FOR SALE


Woodside, NY 11377
$7,550,000 USD
917-232-8890
6314 Roosevelt Ave, Woodside, NY for Sale
$7,550,000 USD
Bar - FOR SALE
1/19
null | 3.89% Cap Rate

6314 Roosevelt Ave
Woodside, NY 11377


OVERVIEW

Investment Offering – Value-Add / Redevelopment Opportunity Strategically positioned along the highly trafficked Roosevelt Avenue corridor, 63-14 Roosevelt Avenue presents a rare covered land play with strong in-place income and significant long-term redevelopment potential. The property sits on a 7,600 SF (110' x 50') lot and is improved with a 6,305 SF single-story retail building, currently 100% occupied, providing immediate cash flow. Zoning & Development Potential Located within a C1-4 / R6 zoning district, the asset offers flexibility for mixed-use residential and commercial development. Potential to build ~12,000+ SF (subject to verification) Opportunity to capitalize on unused FAR / air rights Suitable for: Vertical expansion Ground-up redevelopment Mixed-use repositioning (retail + residential) Assemblage with neighboring parcels All development potential to be independently verified by purchaser’s architect and zoning counsel. Location Highlights Situated just steps from the 82nd Street–Jackson Heights transit hub (7, E, F, M, R lines), the property benefits from: Exceptional foot traffic Dense and growing residential population Strong retail corridor demand Close proximity to LaGuardia Airport and Midtown Manhattan Established mix of national and local tenants Roosevelt Avenue continues to be one of Queens’ most active commercial corridors, supported by sustained multifamily demand and limited supply. Investment Highlights Covered Land Play – Stable, 100% leased income in place Value-Add Upside – Potential to unlock unused FAR Transit-Oriented Location – Prime accessibility and visibility Strong Retail Fundamentals – High pedestrian volume and tenant demand High Barrier-to-Entry Market – Limited new supply in core Queens corridor Investment Thesis: This offering represents a rare opportunity to acquire a stabilized, income-producing asset with embedded development optionality in one of Queens’ most supply-constrained, transit-oriented submarkets.

FOR SALE DETAILS

PRICE

$7,550,000 USD

PRICE/SF

$4,314 USD /SF

CAP RATE

3.89%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R6/C1-4

APN/PARCEL ID

01295-0020

ASK ABOUT THIS PROPERTY

Luke (Young) JungNY Property C & M IncMore Info
917-232-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Luke (Young) JungNY Property C & M IncMore Info
917-232-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.