163-08 Northern Blvd Queens, NY 11358
- Land
- 2,800 SF
Current Use by Public Records
- Say Hi / Bar / Tea House
Property Details for 163-08 Northern Blvd
- Property size
- 2,800 SF
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8026
- Latitude
- 40.761
