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    OFF-MARKET
    Specialty properties

    84-20 Astoria Blvd, Queens, NY 11370

    10,000 SF 0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Specialty properties
    Total area 10,000 SF
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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