Bakery Cafe Business For
For Sale
$1,399,000
22-20 31st St, Queens, NY 11105
Bakery cafe in a busy area with high income.
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$442.72
Days on Market164
Property Features for 22-20 31st St
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,493
Building Details
Building Size
2,500 SF
Stories
3
Listing Agency:
Valley National Homes Inc
(718) 848-7000
Listed By:
Moe K. Khan
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 21 at 9:18AM
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 Valley National Homes Inc
Investment Insights
Based on property information with market context.
This bakery cafe, situated in a high-traffic area, specializes in coffee, sandwiches, cakes, and a variety of pastries, all prepared on-site. The location is attractive and accommodates on-site dining, with online ordering available. The usable area is 3,160 square feet and includes a separate office area on the second floor, a full basement, freezers, and storage. The business generates an annual income of $1,500,000.00, with a net profit of $280,000.00 per year after all expenses. The tenant is responsible for some taxes, heat, gas, and water expenses. The lease has a term of 12 years and is renewable based on tenant performance. The asking price for the business is $1,500,000.00. All expenses can be shown to substantiate a profit of $ 280,000.00 yearly.
Key Highlights
- High annual net income of $280,000.00, substantiated by expense records.
- Prime location in a very busy area.
- Established business: Paris Baguette Bakery CAFE.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,590
Businesses Nearby
199k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 38%
Groceries 15%
Home Improvements & Furnishings 3%
Lidl
Groceries
29,153 visits/mo
0.3 miles
McDonald's
Dining
25,800 visits/mo
0.4 miles
IHOP
Dining
20,787 visits/mo
0.3 miles
Paris Baguette
Dining
17,715 visits/mo
0.3 miles
Dollar Tree
Shops & Services
17,460 visits/mo
0.4 miles
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Elysian Cafe — 25-31 31st St, Astoria, NY 11102
- Starbucks — 30-18 Astoria Blvd, Queens, NY 11102
- Unicorn Coffee Co. — 25-31 31st st, queens, ny 11102
- iasa acai — 28-02 Astoria Blvd, Queens, NY 11102
- Half and Half coffee & wafles — 29-15 Astoria Blvd, Queens, NY 11102
Frequently Asked Questions
What type of property is this?
Coffee shop - Bakery cafe in a busy area with high income.
Where is this coffee shop located?
The property is located at 22-20 31st St Queens, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: High annual net income of $280,000.00, substantiated by expense records.; Prime location in a very busy area.; Established business: Paris Baguette Bakery CAFE.
