26-20 Jackson Ave Queens, NY 11101
- Retail properties
Current Use by Public Records
- Pom's Gourmet Market / Restaurant / Grocery Store
- L&L Bond (apartments) / Corporate Office
Property Details for 26-20 Jackson Ave
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Long Island City deli presents a lucrative investment opportunity. The property boasts a prime location and a substantial 1,400 square foot space, operating under a single-tenant lease with 10 years remaining. Currently generating a gross weekly income between $38,000 and $44,000, this well-established business translates to a monthly net income ranging from $35,000 to $40,000. The monthly rent is $16,000, providing a strong cash flow and significant return on investment. The asking price, including key money, is $849,000. This turnkey operation is ideal for an investor seeking a high-income-producing retail asset in a vibrant and densely populated area. The property's strong performance history and long-term lease provide financial stability and significant upside potential. The established customer base and proven business model ensure a seamless transition for the new owner. This is a rare opportunity to acquire a high-performing deli in a prime Long Island City location with exceptional financial prospects. The property's size and layout are well-suited for continued success, offering a significant advantage in a competitive market. This is a truly exceptional investment opportunity not to be missed.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Suffolk
- State
- New York
- Longitude
- -73.9415
- Latitude
- 40.7472
