Heaven Church

Highlights:

• Lot Dimension: 19X93
• Tax Roll Number: 12210/78
• Available Floors: 1
• Max Contiguous Area: 1387.0
• Cooling: Central A/C - Electric
• Flooring: Hardwood
• Age: Over 50 Years Old
• Area Description: Fishing
• Lot Size: Under 1/2 Acre
• Heating Fuel Type: Oil
• Sewer: City
• Water: City Water

Description:

The commercial outlook for South Jamaica, Queens, is one of significant growth and change, driven by major development projects and a focus on revitalizing the area. Here's a breakdown of the key factors:
1. Strategic Development and Investment:
Jamaica Neighborhood Plan: A significant driver of commercial growth is the Jamaica Neighborhood Plan, which has been approved by the City Planning Commission. This ambitious plan aims to create thousands of new homes and jobs by updating zoning regulations across 230 blocks. A key aspect of this plan is the creation of more commercial and industrial space, which is expected to generate thousands of new permanent jobs.

Public and Private Investment: There has been a substantial influx of both public and private investment. This includes a $153 million commitment from the city through the Jamaica NOW! Action Plan, as well as over $1 billion in planned or completed private investment. These funds are going toward new residential buildings, hotels, and commercial spaces.

Focus on Transit Hub: Downtown Jamaica is a major transportation hub, with access to subway lines, bus routes, the Long Island Rail Road, and the AirTrain to JFK airport. Development efforts are concentrated around this hub to leverage its connectivity and desirability for both businesses and residents.

2. Trends in Commercial Real Estate:
Diverse Property Types: The area has a variety of commercial real estate available for sale and lease, including office, retail, industrial, and mixed-use properties.

Growth in Specific Sectors: Recent reports indicate strong growth in the industrial sector, driven by end-user demand. The retail and office sectors are also seeing new developments, often as part of mixed-use projects.

Smaller Properties are in Demand: Smaller commercial buildings (under 10,000 square feet) have seen aggressive pricing, suggesting strong demand for properties that can be used by local businesses and entrepreneurs.
Coworking Spaces: The rise of coworking and entrepreneurship hubs, like Greater Nexus, shows a trend toward supporting small businesses and startups.

3. Challenges and Considerations:
Gentrification: The rapid development is raising concerns among longtime residents about potential gentrification. The arrival of large chain stores and high-rise developments, along with rising rents, is seen as a threat to small, family-owned businesses and the established character of the neighborhood.
Balancing Old and New: The commercial landscape is at a crossroads, with city planners and development corporations trying to balance new growth and economic opportunity with the goal of preserving the existing community and supporting long-term residents and businesses.

Infrastructure: To support the planned growth, the Jamaica Neighborhood Plan includes significant investments in infrastructure, such as over $300 million for sewer improvements.

Commercial property in prime location priced to sell IMMEDIATELY. Large building in a prime location on a main street, just minutes from JFK airport. Conveniently situated near the Belt Pkwy, Van Wyck Expressway, & other major roads; also steps away from the Q6 Bus and centrally located amongst other nearby businesses & residential properties. Just minutes away to bus and subway or Long Island Railroad to Manhattan, South Jamaica offers you an easy commute to work or play in New York City The property features high ceilings, a full basement offering plenty of storage space, & an outdoor space in the back. The M1 Zoning allows you to either keep it as a Place of Worship; or make it an office, wholesale service, repair shop, storage facility, etc. ("light industrial" uses are permitted) Please contact listing agent for all inquiries/showings