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$ 1,999,000
Est. payment /mo
Active Under Contract
120 Victory BLVD Staten Island, NY 10301
10,799 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,799 sqft
Price per Sqft $185
MLS Listing ID 2501768
Year Built 1939
Annual Tax Amount $51,558
Lot Size 0.344 Acres
Acres 0.34
Lot Dimensions 200 x 75
Property Sub-Type Commercial
Source Staten Island Multiple Listing Service
Property Description
Welcome to an unparalleled investment opportunity in the heart of the city! This historic commercial building, situated on a bustling high-traffic street, is now available for sale, presenting an ideal prospect for entrepreneurs and investors alike. Steeped in a rich history dating back to its construction in 1939, this two-story gem exudes timeless charm and character. The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x 75 ft. This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments. With a ground elevation of 99 ft, the property not only offers a commanding presence but also provides a vantage point that enhances visibility. Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS. This diverse zoning allows for a range of development options, catering to both residential and commercial purposes. The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the Facility FAR of 2 opens up opportunities for commercial or institutional use. The current building's FAR as built stands at 0.71, utilizing a portion of the maximum allowable floor area. With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or redevelopment. The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for customization and future growth. This unique combination of a historic building with substantial unused development rights, coupled with a strategically located and generously sized lot, makes this property an extraordinary investment opportunity. Explore the possibilities, capitalize on the available square footage, and make your mark in this prime location. Contact us today to discover how this property can be the foundation for your vision and success.
Location
State NY
County Richmond
Area St. George
Zoning C2-1
Interior
Heating Forced Air, Natural Gas
Building
Story 1
Sewer City
Level or Stories 1
Structure Type Block
New Construction No
Others
Tax ID 00569-0097
Virtual Tour https://bit.ly/3Kn3dGH
Listed BySalmon Realty Group