4
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$1,588,888
Est. payment /mo
4,791 Sqft Lot
Price Dropped by $60K
116-14 Myrtle AVE Richmond Hill, NY 11418
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 960692
HOA Y/N No
Rental Info No
Annual Tax Amount $41,396
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x100
Source onekey2
Property Description
Prime development opportunity in the heart of Richmond Hill! This 50 x 100 lot is positioned within R6B zoning with a C2-4 commercial overlay, offering outstanding potential for residential or mixed-use redevelopment. With a base FAR of 2.0 and the potential to reach up to approximately 2.4 FAR through applicable city programs and incentives (buyer to verify with architect), developers have the opportunity to create an estimated 10,000 to 12,000 square feet of buildable space.
The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor.
Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.
The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor.
Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.
Location
State NY
County Queens
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Lot Description City Lot
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ps 56 Harry Eichler
Middle Schools Ms 137 America'S School-Heroes
High Schools Queens 27
School District Queens 27
Others
Senior Community No
Special Listing Condition None
Listed by Key Impact Realty Group Inc • Zhen Hu CBR RENE SRS CRS
NEARBY SCHOOL & BUSINESS
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