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T E A M P R E U S S
560-570PENINSULA BOULEVARDCEDARHUST, NEW YORKBLOCK-FRONT COMMERCIAL REDEVELOPMENT SITE
560-570PENINSULA BOULEVARD
C E DA R H U R ST, N Y 1 1 5 1 6
560-570 PENINSULA BLVD
ASKING PRICE $5,000,000
SECTION / BLOCK / LOTS 39 / 277 / 17A, 17B, 126, 127, 131A, 131B39 / 278 / 46
LOT DIMENSIONS 23.49’ X 201.66’ Irregular, approx.
LOT SQUARE FOOTAGE 32,692 sq. ft., approx.
EXISTING BUILDING SQ. FT. 6,184 sq. ft., approx.STORIES 1 NUMBER OF BUILDINGS 2
ZONING Business X / Residence BVILLAGE / TOWN Village of Cedarhurst / Town of Hempstead% OF LOT FOR BUILDING AREA 70%MAXIMUM STORIES ALLOWED 2 (30 ft.)MAXIMUM BUILDABLE SQ. FT. 22,884PARKING (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 Cedar-hurst, 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.
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.
BLOCKFRONT COMMERCIAL REDEVELPOMENT SITE AT TRAFFIC LIGHT CORNER
UP TO APPROXIMATELY 22,884 BUILDABLE SQ. FT. PER EXISTING
ZONING
IDEAL LOCATION FOR RETAIL SHOPPING CENTER
>
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BRANCH
SECTION: 39BLOCK: 277 & BLOCK: 278
17B17A
131A
131B
126
127
46
INCORPORATED
VILLAGE OF CEDARHURST
BRANCH BLVD
OAKLAND AV
PEN
INSU
LA B
LVD
conceptual plan - rendering
TOWN OF HEMPSTEAD
560-570 PENINSULA BLVD
560-570 PENINSULA BLVD
SURVEY - OAKLAND AVE & PENINSULA BLVD
560-570 PENINSULA BLVD
560-570 PENINSULA BLVD
SURVEY BRANCH BLVD &
PENINSULA BLVD
560-570 PENINSULA BLVD
560-570 PENINSULA BLVD
SITE MAP
HALB
ELEMENTARY
SCHOOL
LAWRENCE
HIGH SCHOOL
560-570 PENINSULA BLVD
560-570 PENINSULA BLVD
PROPERTYPHOTOS
FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS:
5 6 0 - 5 7 0 P E N I N S U L A B O U L E V A R D AS K I N G P R I C E $ 5 ,0 0 0 ,0 0 0
STEPHEN R. PREUSSSenior Managing Director
(718) 512 2118
DENISE PREVETEDirector
(718) 512 2605
KEVIN LOUIEAssociate Director
(718) 512 2627
ANDREAS EFTHYMIOUSenior Associate
(718) 512 2621
KEVIN SCHMITZSenior Associate
(718) 512 2628
T E A M P R E U S S118-35 QUEENS BOULEVARD, 14TH FLOOR, FOREST HILLS, NY 11375
WWW.CUSHMANWAKEFIELD.COM
