114-16 176th Street, Jamaica, NY 11434

Property Description

Located within the Addisleigh Park historic district, 114-20 176th Street presents a practical opportunity for developers. The property consists of two vacant lots, each measuring 40' x 100', offering ample space for construction projects. Zoned R2, the lots are suitable for the development of two single-family homes. The property comes with proposed plans for these homes, facilitating a straightforward building process. Benefiting from its strategic location, the property is conveniently positioned 0.4 miles from the St. Albans train stop, enhancing accessibility. One of its notable advantages is the low annual tax bill of $2,798, providing cost-efficiency for potential developers. Additionally, the lots are ready for construction, eliminating the need for demolition. Furthermore, the property's subdivision into two individual lots streamlines the development process, adding to its appeal. This offering represents a practical and efficient investment opportunity for developers looking to capitalize on the property's advantageous features.