Building Details

Building Size 3,744 SF

Year Built 1929

Listing Agency: Vision Homes Real Estate LLC

Listed By: Avnish Kumar · License #10491209469 Show Phone

Source: Elliman

Added: Jul 24 Changed: Aug 24 Last Checked: Sep 1 at 8:36PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vision Homes Real Estate LLC

Investment Insights

Based on property information with market context.

The property is an income-producing laundromat currently operated under absentee ownership. The business generates approximately $600,000 in annual gross revenue and includes opportunities for operational and equipment improvements, including expanded wash-and-fold or pickup/delivery services and extended operating hours.

The site is located on Northern Boulevard in Corona, Queens. In addition to the existing laundromat, there is approximately 12,000± square feet of additional buildable area, subject to the purchaser’s independent verification of zoning and development potential.

For investors and owner-operators seeking current cash flow alongside future expansion optionality, the property offers a combination of established operations and additional space considerations to be confirmed through the buyer’s due diligence.

Key Highlights

• Established laundromat with approximately $600,000 in annual gross revenue
• Approximately 12,000± SF of additional buildable area, subject to purchaser verification of zoning/development potential
• Income‑producing property built in 1929

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Garden Center Hotel & Motel Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

4,612

Businesses Nearby

669k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 27% Apparel 19% Superstores 18% Home Improvements & Furnishings 14%

BJ's Wholesale Club Superstores

119,525 visits/mo 0.3 miles

The Home Depot Home Improvements & Furnishings

93,325 visits/mo 0.1 miles

H Mart Groceries

69,262 visits/mo 0.2 miles

Marshalls Apparel

66,127 visits/mo 0.1 miles

Burlington Apparel

57,951 visits/mo 0.3 miles

Demographics for 11368, NY

117,110

Population

31,165

Households

3.8

Avg Household Size

34

Median Age

14%

College-Educated

65%

High-School Grad

2.6 sq mi

ZIP Area

45,042

Density / Sq Mi

$71,798

Median Household Income

$33,742

Median Earnings

$1,925

Median Rent

$751,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Established laundromat income stream plus approximately 12,000± square feet of additional buildable area, subject to verification.

Where is this retail space located?

The property is located at 9601 Northern Blvd Queens, NY.

What is the asking price?

The asking price for this property is $4,299,000.

What are key features of this property?

This property features: Established laundromat with approximately $600,000 in annual gross revenue; Approximately 12,000± SF of additional buildable area, subject to purchaser verification of zoning/development potential; Income‑producing property built in 1929