Unlock the potential of an exceptional development site located in the heart of Astoria. This 2,700 sq. ft. lot (27.17 ft x 100 ft) features a two-story mixed-use building, spanning approximately 1,800 sq. ft., with current leases on a month-to-month basis or including early termination no-buyout clauses, allowing for maximum flexibility. With its R6A zoning and a favorable floor area ratio (FAR), the site offers a unique opportunity to develop a residential buildable area of up to 8,100 sq. ft. under as-of-right allowances. This property is ideally suited for residential or community facility development, providing flexibility for investors or developers seeking to capitalize on the thriving Astoria market. Strategically positioned with excellent visibility and accessibility, located just steps away from public transportation, including the N & W subway lines and multiple bus routes. This prime location ensures convenience and connectivity, enhancing the value of any future development. Featured commercial Sales., Additional information: Rental Income:Y, Building Size:20 ft. x 45 ft. © 2024 OneKey™ MLS, LLC