560-570 PENINSULA BOULEVARD CEDARHUST, NEW YORK BLOCK-FRONT COMMERCIAL REDEVELOPMENT SITE TEAMPREUSS
560-570 PENINSULA BOULEVARD CEDARHURST, NY 11516 ASKING PRICE $5,000,000 SECTION / BLOCK / LOTS BLOCKFRONT COMMERCIAL REDEVELPOMENT SITE AT TRAFFIC LIGHT CORNER > UP TO APPROXIMATELY 22,884 BUILDABLE SQ. FT. PER EXISTING ZONING 39 / 277 / 17A, 17B, 126, 127, 131A, 131B 39 / 278 / 46 LOT DIMENSIONS 23.49 X 201.66 Irregular, approx. LOT SQUARE FOOTAGE 32,692 sq. ft., approx. > IDEAL LOCATION FOR RETAIL SHOPPING CENTER EXISTING BUILDING SQ. FT. 6,184 sq. ft., approx. STORIES 1 NUMBER OF BUILDINGS 2 ZONING Business X / Residence B VILLAGE / TOWN Village of Cedarhurst / Town of Hempstead % OF LOT FOR BUILDING AREA 70% MAXIMUM STORIES ALLOWED 2 (30 ft.) MAXIMUM BUILDABLE SQ. FT. 22,884 PARKING (1) 1 space / 200 sq. ft. (1) REAL ESTATE TAXES (2018) $92,044.27 (1) parking variances possible Cushman & Wakefield has been retained on an exclusive basis for the sale of 560-570 Peninsula Boulevard in Cedarhurst, Long Island. 560-570 Peninsula Boulevard is an assemblage of six adjacent tax lots equating to approximately 32,692 lot square footage. The property is currently improved by two commercial buildings of approximately 6,184 combined square footage. The existing buildings will be delivered vacant. The property lies in Business X & Residence B zonings within the Town of Hempstead. This zoning allows for a building area of 70% of the lot square footage and up to two stories, or 30 feet. This equates to approximately 22,884 square feet, and also has parking requirement for one space per every 200 square feet of building. All plans and zoning will need to be verified independently with the Town of Hempstead. This assemblage provides a great opportunity for an investor or developer to take advantage of a development site in a prime location ideal for a retail strip or shopping center. conceptual plan - rendering BRANCH BLVD TOWN OF HEMPSTEAD BRANCH 46 PENINSULA BLVD 131A 131B 126 127 17B 17A 560-570 Peninsula Boulevard is in a prime location with a high average daily traffic count of over 28,000 cars. It is located across the street from HALB Elementary school and just a few blocks east of Lawrence High School. Peninsula Boulevard conveniently features the Q111 MTA bus providing easy access to Queens / NYC and to JFK International Airport, located five miles away. Conceptual plans and surveys are available upon request. Property inspections are by appointment only, please inquire within. SECTION: 39 BLOCK: 277 & BLOCK: 278 OAKLAND AV INCORPORATED VILLAGE OF CEDARHURST
SURVEY - OAKLAND AVE & PENINSULA BLVD
SURVEY BRANCH BLVD & PENINSULA BLVD
SITE MAP HALB ELEMENTARY SCHOOL LAWRENCE HIGH SCHOOL
PROPERTY PHOTOS
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS: STEPHEN R. PREUSS Senior Managing Director (718) 512 2118 stephen.preuss@cushwake.com DENISE PREVETE Director (718) 512 2605 denise.prevete@cushwake.com KEVIN LOUIE Associate Director (718) 512 2627 kevin.louie@cushwake.com ANDREAS EFTHYMIOU Senior Associate (718) 512 2621 andreas.efthymiou@cushwake.com KEVIN SCHMITZ Senior Associate (718) 512 2628 kevin.schmitz@cushwake.com 118-35 QUEENS BOULEVARD, 14TH FLOOR, FOREST HILLS, NY 11375 WWW.CUSHMANWAKEFIELD.COM 560-570 PENINSULA BOULEVARD ASKING PRICE $5,000,000 TEAMPREUSS