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    163-08 Northern Blvd Queens, NY 11358

    For Sale
    $250,000

    Queens, NY: Prime Commercial Lot

    Property size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,000 square foot commercial land parcel, located at 163-08 Northern Boulevard in Queens, New York, presents a unique investment opportunity. The property boasts a prominent location on a busy commercial thoroughfare, offering high visibility and excellent foot traffic. Currently operating as a thriving coffee and bar establishment, the property includes a substantial 3,500 square foot basement and terrace, adding significant potential for expansion or alternative uses. The existing business benefits from a recently completed high-end renovation, featuring a modern and stylish design, and is equipped with a new, energy-efficient HVAC system. The current lease agreement provides a stable income stream of $8,030 per month, with an 8.5-year term and a 5-year renewal option. Some kitchen equipment and tables/chairs are included in the sale. The property is zoned for a variety of uses, including but not limited to snacks, BBQ, Japanese cuisine, and bubble tea. A liquor license is currently in place. The asking price for this remarkable property is $250,000. Serious inquiries only. Please do not contact the current business.

    Property Features for 163-08 Northern Blvd

    General Information

    Property type
    Land
    Square Feet
    2,800 SF

    Building Details

    Units
    1

    HighLights

    • 4,000 SF commercial land parcel at 163‑08 Northern Boulevard, Queens, NY.
    • High‑visibility location on a busy commercial thoroughfare with excellent foot traffic.
    • Currently a coffee and bar with 3,500 SF basement and terrace; recently renovated with new HVAC.
    • $8,030/month lease, 8.5‑year term, 5‑year option; some FF&E included.
    • Zoned for various uses (snacks, BBQ, Japanese, bubble tea); existing liquor license.
    • Asking price: $250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Say Hi Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8025922
    Latitude
    40.760999

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    FAQs

    What type of property is this?
    Land - Queens, NY: Prime Commercial Lot
    Where is this land located?
    The property is located at 163-08 Northern Blvd Queens, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 4,000 SF commercial land parcel at 163-08 Northern Boulevard, Queens, NY.; High-visibility location on a busy commercial thoroughfare with excellent foot traffic.; Currently a coffee and bar with 3,500 SF basement and terrace; recently renovated with new HVAC.
    Request Owner's contact information
    163-08 Northern Blvd Queens, NY 11358
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    Queens, NY 11358
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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
    163-08 Northern Blvd Queens, NY 11358
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