114-20 Jamaica Ave 13,000 SF 50% Leased Retail Building Jamaica, NY 11418 $5,563,535 CAD ($427.96 CAD/SF)

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 114-20 Jamaica Avenue (the “Site”), in Richmond Hills, Queens, a corner lot improved by a freestanding retail building (former Chase bank branch) and will be delivered with approved plans for a mixed-use (residential over retail) development. The Site will be delivered fully vacant and offers a compelling combination of investor, end-user, and development optionality.
114-20 Jamaica Avenue benefits from flexible R6A, C2-4 zoning, with an as-of-right FAR of 3.0 for both residential and commercial development, and a City of Yes bump to 3.9 FAR. The current plans call for keeping the existing commercial space intact and adding ~21,779 SF of residential apartments above.
An old-style bank building currently improves the lot at approximately 6,500 SF above-grade, plus a full finished basement (6,500 SF) for tenant/owner occupancy.
Situated on Jamaica Avenue in the heart of Richmond Hill, Queens, this property sits on one of the neighborhood’s primary commercial corridors with a thriving restaurant, bar, and retail scene, surrounded by an established and densely populated residential community.
The property benefits from exceptional transit access. Jamaica Station, one of the busiest transit hubs in the country, sits less than half a mile east, where commuters can board the Long Island Railroad and the AirTrain, which delivers travelers to JFK Airport just 5 miles south. The E, J, and Z subway lines are all accessible nearby, connecting residents directly to Midtown Manhattan and beyond. The Van Wyck Expressway (I-678) provides major highway access, and multiple MTA bus routes serve the corridor.
Please direct all inquiries to Cushman & Wakefield