9601 Northern Boulevard, Corona, NY 11368
- $4,299,000
- List Price
- $4,299,000
- MLS#
- 1029353
- Status
- ACTIVE
- Lot Size
- 4000
Property Description
Rare opportunity to acquire a high-performing income-producing asset with exceptional redevelopment potential on Northern Boulevard in the heart of Corona, Queens. The property includes a well-established laundromat generating approximately $600,000 in annual gross revenue and is currently operated under absentee ownership, offering immediate cash flow with significant upside for an owner-operator or experienced investor. The business presents substantial value-add opportunities through operational improvements, equipment upgrades, expanded wash-and-fold or pickup/delivery services, and extended operating hours, providing the potential to further increase revenue and profitability. In addition to the existing income stream, the property offers approximately 12,000± square feet of additional buildable area (subject to purchaser's independent verification of zoning and development potential), making it an attractive opportunity for developers, builders, and long-term investors seeking future expansion or redevelopment.
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Additional Information
- Year Built
- 1929
- School District
- Contact Agent
- Total Taxes
- 40740
- Heating
- Natural Gas
- Basement
- Unfinished
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $40,740
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Listing courtesy of Listing Agent: Avnish Kumar (raj_nyrealtor@yahoo.com) from Listing Office: Vision Homes Real Estate LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.