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Large downtown Jamaica development site listing for $24M

Photo courtesy of CPEX   

A huge development site a block away from the downtown Jamaica transportation hub is selling for $24 million.

The 35,000-square-foot site, which comprises a few lots from 147-07 to 147-37 on 94th Avenue, allows up to 420,000 buildable square feet, according to real estate firm CPEX, which is marketing the site.

World Wide Food Products, a longtime seafood company, has been at the property since 1975, according to DNAinfo.

Downtown Jamaica has been the talk of much major development recently. Last year, officials announced construction of a 210-room, 24-story hotel nearby the LIRR and AirTrain station at 93-43 Sutphin Blvd.

Earlier this year, the Greater Jamaica Development Corporation, a nonprofit that has been working to transform the neighborhood, announced the development of a $225 mixed-use, 29-story residential and commercial tower on the site it owns at 93-01 Sutphin Blvd.

In October, a 90,000-square-foot building and parking garage at 163-05 and 163-25 Archer Ave. traded hands for $22 million. It has 719,736 square feet of buildable space.

Also, nearby York College, which is located across from the building and parking garage, hopes to help usher in development and new businesses as a START-UP NY site, and is offering new businesses about 3.5 acres of land on-campus.

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