8940 Metropolitan Ave - Commercial LAND FOR SALE


Fresh Pond, NY 11385 18,208 SF
$4,400,000 USD
718-663-2639
8940 Metropolitan Ave, Fresh Pond, NY for Sale
$4,400,000 USD
Commercial LAND - FOR SALE
1/2
18,208 SF

8940 Metropolitan Ave
Fresh Pond, NY 11385


HIGHLIGHTS

  • Vacant land with ~36,500 ZFA (Mixed-Use)
  • Corner lot with 250'+ of wraparound frontage on Metropolitan Avenue and Aubrey Avenue
  • Central, High-Traffic Location in Established Retail Hub
  • Excellent Connectivity - Near major highways, bus lines, etc.

OVERVIEW

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 89-40 METROPOLITAN AVENUE — Rego Park, NY (the ‘Property’). 89-40 Metropolitan Avenue presents an exceptional development opportunity on an ~18,207 SF corner lot located in a rapidly evolving area of Rego Park. Under the City of Yes zoning initiative, the Property is designated as a qualifying residential site and now benefits from enhanced as-of-right development potential through newly implemented Town Center zoning. Currently zoned R4 with a C2-2 commercial overlay, the site allows for approximately 36,414 ZFA, enabling flexible mixed-use or residential development in a dense and growing submarket. The Property sits at the southeast corner of Metropolitan Avenue and Aubrey Avenue, offering strong visibility, multiple access points, and convenient transit options via the Q11, Q21, Q52, Q53, and Q54 bus lines. Major highways also provide quick connections across Queens and to Manhattan. Importantly, the Property is adjacent to one of the area’s most active retail corridors, with Trader Joe’s, Michaels, Dick’s Sporting Goods, Home Depot, and a wide variety of neighborhood amenities just steps away. Please contact the exclusive agents for additional information.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/ACRE

$10,526,940/AC

PRICE/SF

$242 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Vacant ~18,200 SF Lot in Rego Park

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Apartment Units, Neighborhood Center, Storefront Retail/Residential

LAND ACRES

0.42 AC

LAND SF

18,207 SF

OFFSITE IMPROVEMENTS

-

ZONING

R4, C2-2

APN/PARCEL ID

03872-0033

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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

Stephen PreussRipco Real EstateMore Info
718-663-2639

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