Property summary
This exceptional opportunity presents a well-established ready-mix concrete business in Queens, NY, operating for over 40 years. Located at 84-20 Astoria Blvd, Queens, NY 11370, near Cross Street 85, this single-tenant property boasts a 10,000 square foot facility situated on a 0.5-acre lot. The business consistently generates over $550,000 in net annual income, offering significant potential for expansion. All equipment and seven parking spaces are included in the sale. The property is zoned M1 and features 220-volt power. A unique asset is a 550,000-gallon underground water well, the only one of its kind in Queens County. The sale includes a five-year lease with five options, and the seller will remain on-site as needed. Monthly rent is $15,000 plus real estate taxes. This is a cash-only business. The asking price is $3,550,000 with a $1,500,000 cash down payment
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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