100-08 Northern BlvdQueens, NY 11368

Property Details for 100-08 Northern Blvd

Year built

1926

Property size (Sq ft)

2,300 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional mixed-use property at 100-08 Northern Boulevard in Corona, Queens, New York, presents a compelling investment opportunity, priced at $1,950,000. The 2,300 square foot building, constructed in 1926, is a two-story structure situated on a 2,300 square foot lot. Currently operating at 100% occupancy, the property features a thriving restaurant on the ground floor and two residential units on the second floor. Each apartment offers two bedrooms, one bathroom, a living room, and a kitchen. The property benefits from a triple net (NNN) lease structure and is zoned R6A C2-4, allowing for a variety of potential uses. Its strategic location in Queens offers easy access to public transportation, including the 7 train and Q66 and Q23 bus routes, as well as proximity to LaGuardia Airport and the Grand Central Parkway. The surrounding area boasts a vibrant mix of amenities, including schools, restaurants, supermarkets, and more, contributing to a Walk Score of 85. This property represents a rare chance to acquire a well-established, income-generating asset in a highly desirable and convenient location. The building's strong tenancy and versatile zoning make it an ideal investment for both seasoned and aspiring real estate investors. The combination of commercial and residential income streams offers significant potential for long-term growth and profitability.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7573

Longitude

-73.8681

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