Motel For Sale
7,137 Sq Ft
Prime corner location in the heart of Rockaway Beach. Located at the corner of Beach 98th Street and Rockaway Beach Blvd, this property is situated one block from the subway, and a block from the beach, with the popular beach concession stands.
The package is comprised of a mixed-use building and adjacent development lot. Currently 1 tax lot, we are in the process of subdividing the parking lot to create a separate tax lot for development. The property can be purchased separately or together.
The Mixed-use building is 7,137 SF comprised of 2 retail units on the ground floor and 9 short term apartments on the second floor. On the first floor is RBQ – a bar and barbecue restaurant. RBQ occupies the majority of the ground floor space, along with a small Chinese take-out restaurant, Xing Xing Chinese Restaurant.
Currently utilized as a parking lot, ownership is in the process of subdividing a 50’ x 100’ development site, allowing for 6,750 buildable SF of residential development, and 10,000 buildable SF with the community facility bonus. Ownership may be able to provide additional buildable square footage in air right.