1680 Madison StQueens, NY 11385

Property Details for 1680 Madison St

Property size (Sq ft)

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.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7006

Longitude

-73.9075

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