About this property

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.

Features and Additional Information