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    703 Seneca Ave Ridgewood, NY 11385

    For Sale
    $2,999,000

    Retail - Ridgewood, NY

    Type:Retail
    Property size:
    1,805 SF
    Lot size:
    0.04 Acres
    Days on Market:
    212
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 703 Seneca Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Basement
    APN
    03458-0010
    Basement Y/N
    1
    Size
    1,805 SF
    Lot size
    0.04 Acres

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    1
    Building materials
    Brick
    Architectural style
    Other

    Trademarko Realty Inc. (347) 647-6397 [email protected]

    Listing agent Marek Sobolewski (347) 647-6397 License #10311207231

    Listing date May 14, 2025

    MLS# 859772 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Retail Investment Opportunity

    This is a fully renovated commercial property in Ridgewood, Queens, situated at the entrance of the Seneca Ave M Train Station, ensuring heavy foot traffic and excellent visibility. The property includes a profitable laundromat business equipped with 29 modern washing machines and 30 dryers. The laundromat features updated, high-efficiency machines, new water and gas lines, and an upgraded 3-Phase 300 Amp electrical service. Surrounded by residential buildings, stores, and restaurants, the location benefits from a steady customer base. The property has development potential, featuring nearly 2,000 buildable square feet for future expansion or redevelopment. The property is situated on a lot of approximately 0.0382 acres and has a living area of 1805 square feet. This turnkey investment is suitable for both owner-users and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Florencia Flower Shop, ephemera, Flowers by Mario corp., Flower Power Coffee, Floristeria Rosa De Guadalupe

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.907109
    Latitude
    40.702704

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    FAQs

    What type of property is this?
    Storefront property - Profitable laundromat business with development potential near Seneca Ave M train.
    Where is this storefront property located?
    The property is located at 703 Seneca Ave Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: - Prime location at the entrance of the Seneca Ave M Train Station in Ridgewood, Queens, ensuring **high visibility and foot traffic**.; - Turnkey, profitable Laundromat business included with 29 modern washing machines and 30 dryers.; - Significant development potential with **nearly 2,000 buildable square feet** for future expansion or redevelopment.
    (347) 647-6397
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    703 Seneca Ave Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    703 Seneca Ave Ridgewood, NY 11385
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