2300 Grand Avenue in Baldwin presents a unique opportunity to acquire a strategically located property with significant repositioning potential.

The seller is seeking a clean “As Is” sale and is prepared to adjust the price accordingly to facilitate such terms and conditions. The current zoning permits a mixed-use residential development, which is expected to be highly successful once fully entitled. The price per unit upon acquisition, if coupled with favorable terms, will be very attractive. The existing building on the parcel includes 53 dedicated parking spots, plus an additional 9 allocated to the building.

For those not focused on multifamily development, this over one-acre parcel could also accommodate single-tenant net lease relationships, such as Quick Service Restaurants (QSRs) with queuing lanes and drive-throughs. Additionally, a car wash could be a viable option, given the property’s size and public sewer access. My preliminary research suggests that a special use permit could make this an ideal location for the growing car wash market on Long Island.

Finally, consider the existing building on this 1.16-acre parcel. You could simply lease the office space and enjoy a stable asset without extensive redevelopment. It’s important to remember that we have a highly motivated seller looking for a straightforward deal at a fair price. While this isn’t a “fire sale,” it will be offered at a price that provides multiple options for repositioning the building. A clean offer with a quick close will allow you to benefit from a low basis.

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Zoning Information (CLICK HERE):

Located in the B-MX, Transit-Oriented Development subdistrict, this 1.16-acre property benefits from a 1.5 FAR and zoning that promotes pedestrian-friendly, mixed-use development. Based on the guideline of 60 units per acre, the site can accommodate approximately 69–70 residential units. The final unit count, however, is subject to approval by the Design Board, which may allow more or fewer units depending on the project’s details. Since parking structures are excluded from FAR calculations, the site is especially well-suited for Transit-Oriented Development near the Baldwin LIRR station.