80-12 51st Ave 3,300 sq ft Industrial Property Elmhurst, NY 11373 £2,148,697 (£651.12/sq ft) 5.20% Net Initial Yield

Prime standalone commercial building located in the heart of Elmhurst, Queens, offering exceptional flexibility and development potential. The property sits on a 5,300 square foot lot with R4-1 zoning and a C1-2 commercial overlay. Architectural plans are available to expand the total buildable area to approximately 12,000 square feet, allowing for a mixed-use development including commercial, residential, and community facility space. The building can be expanded to three stories plus a basement/cellar. The second and third floors may be used for residential units or community facility purposes, while the first floor and basement—totaling approximately 6,500 square feet—may be used for commercial space (buyers must confirm all development potential with an architect). The existing structure offers approximately 3300 square feet, including about 2300 square foot warehouse with 15-foot ceilings and two oversized roll-up doors for convenient truck access, as well as approximately 1,000 square foot office/showroom. The property has been updated with a new HVAC system, new roof, upgraded electrical service, a newly installed sprinkler system, and a modernized office space featuring a glass partition wall and private bathroom. Located right next to the famous Georgia Diner restaurant on Queens Boulevard. With the excellent visibility, this site provides unparalleled access to major highways (I-495, I-278, I-678), multiple bus lines, E/M/R subway stations, and is within close proximity to both LaGuardia and JFK airports. Its central location, strong rental demand, and wide range of permitted uses make it a unique investment opportunity in one of Queens’ most active commercial corridors.