Just 1/2 block from the iconic Rockaway Beach, this three-story Colonial-style property offers incredible investment upside in a designated Qualified Opportunity Zone. Situated on a 30.79 x 100 ft lot (3,424 sq ft), the property features a spacious 20 x 44 ft main building (2,324 sq ft) plus an attic and full unfinished basement. This property also features an additional rear structure for added flexibility or income. Zoned R5D with an FAR of 6,848, this site offers significant development potential - perfect for expanding or maximizing returns in a growing, revitalized beachfront community. Whether you're looking to renovate, rent, or build up, this is a prime opportunity just steps from the sand, transit, and local amenities.