College Point - Beach Property For Sale #5053708

Welcome to 110-04 15th Ave, an incredible investment opportunity. This 5000 sq ft lot has M2-1 zoning which allows for 10,000 buildable sq' feet - 4 stories or up to 60 feet height for an income producing residential multi-unit building or mixed use structure. Options are plentiful for a developer with a vision. This property boasts a 200 ft length from front line to back. The rear of the property rests on Flushing Bay, with incredible water views, which includes LGA airport, Citi Field and Arthur Ashe Stadium. Not only does the property rest on the water, it comes with docking rights and littoral rights, past the rear land line! Premium luxury apartments with water view terraces will fetch maximum allowable rents. Even though this is a manufacturing district, there is a large multi unit condominium complex (Allura) directly across the street. Of course this property is exceptionally suited for industrial and manufacturing purposes as well. The transformation of this desirable area has begun! This is your prime opportunity to be part of this metamorphosis, in its still early stages.