Overview

Calling All Investors, Developers & End-Users!!! 18.8 Cap 5, 288 Sqft. Two Unit Corner Restaurant Building For Sale!!! The Property Features Great Exposure, Excellent Signage, 6 Parking Spaces, High 10’ Ceilings, Strong M1-4 Zoning, Signalized Intersection, All New LED Lighting, 3 Phase Power, Accessible Ramp & Bathroom, CAC, +++!!! The Current Restaurant Has Been A Family Owned Business In This Location For 35 Years!!! The Property Is Located In The Heart Of Long Island City On The Corner Of Van Dam Street & 47th Avenue Minutes From Queens Plaza!!! Neighbors Include Starbucks, Capital One Bank, Hyundai, Subaru, Harley Davidson, Exxon, Wyndham Hotels, Extra Space Storage, The Home Depot, Staples, Marshall’s, Party City, Old Navy, P.C. Richard & Son, Dunkin’, CVS, Planet Fitness, Burlington, David’s Bridal, McDonald’s, Panera Bread, Trader Joe’s, Boston Market, YMCA, +++!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Investment Property / Home For Your Business!!! Income: Restaurant (5, 288 Sqft.): $416, 129 Ann. NNN. (Available) Gross Income: $416, 129 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3, 182 Ann. Taxes: $29, 383 Ann. Total Expenses: $32, 815 Ann. Net Operating Income (NOI): $448, 944 Ann. (Proforma 18.8 Cap!!!)