1680 Madison St Queens, NY 11385
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 1680 Madison St
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional opportunity presents the chance to acquire a thriving bar located at 1680 Madison Street in Queens, New York, zip code 11385. The property, zoned C4-3A, boasts 2,000 square feet of space and is currently operating under a modified lease with a single tenant, expiring June 30, 2025 (approximately 1.4 years remaining). The asking price is $499,000, translating to $250 per square foot. The bar's strong financial performance is evidenced by a Net Operating Income (NOI) of $206,000. This established business features a spacious layout ideal for hosting various events, including weddings and private parties. Amenities include a dedicated dance floor, a DJ booth, a comfortable lounge area, and a fully equipped food preparation area capable of providing regular food service and catering for special occasions. The bar also benefits from a brand new walk-in refrigerator, two bathrooms (one ADA compliant), a 16-line draft system, and two bar wells. The property's prime location in the heart of Ridgewood, Queens, ensures high visibility and consistent customer traffic. This turnkey operation offers a unique blend of live music, specialty drinks (craft beer and cocktails), and a vibrant atmosphere, making it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9075
- Latitude
- 40.7006
