Property profile

61-08 80 St Queens, NY 11379

OFF-MARKET
Retail properties & Spaces
9,550 SF Built 1939
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Property summary

AI-generated overview

This exceptional retail opportunity presents a vacant, 9,550 square foot salon located at 61-08 80th Street in Queens, New York, 11379. Built in 1939, this single-story building offers nine units and boasts a rich history as a well-established hair salon for over 12 years. The property is currently vacant, presenting a unique chance for an immediate return on investment. All equipment is paid off and in excellent condition, including a reception desk, office chair, hair washing stations, styling stations with mirrors, pedicure and manicure chairs and tables, waiting area seating, a washer and dryer, a dedicated lunch area with counter and high stools, an additional room in the rear, and a rentable basement space. The property is offered at an attractive asking price of $85,000 with a remaining lease term of 5 years. The previous tenant and their staff expressed interest in remaining, offering a potential for immediate occupancy and continued revenue generation. This property is ideal for an experienced salon owner or an investor seeking a strong foothold in a vibrant Queens community. The location provides excellent visibility and accessibility, making it an attractive destination for clientele. This is a turnkey opportunity to acquire a fully equipped and established salon space ready for immediate operation.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1939
Total area 9,550 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

61-08 80 St Queens, NY 11379
Queens metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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