Description

BKREA has been exclusively retained to market the sale of 249-46 Horace Harding Expressway, a prime two-building retail shopping center and development opportunity located in the Little Neck neighborhood of Queens at the intersection of Queens and Long Island. Situated on a 114,547-square-foot lot zoned C1-2 (R3-2 equivalent), the property allows for up to 183,275 ZFA of residential development or 114,547 ZFA of commercial space while generating meaningful in-place cash flow that provides immediate income security. Investors and developers are presented with multiple value-add and redevelopment scenarios, including expanding the existing retail footprint, adding residential floors above the current structure, or pursuing a full site redevelopment with new buildings, parking, amenities, and landscaped open space totaling approximately 180,250 ZFA. With its strategic location, stable current income, and substantial long-term development potential, the property represents a compelling acquisition opportunity for both investors and developers.