$4,299,000
9601 Northern Boulevard
Corona, NY 11368
—
Beds
—
Baths
—
Square feet
1929
Built
Listing narrative
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.
Property Details
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Price
$4,299,000
Beds
Beds n/a
Type
Commercial
MLS subtype
Retail
Home Size
Sqft n/a
Baths
Baths n/a
Lot Size
3,999 sqft
Year
1929
Status
For Sale
Days on Market
90
Courtesy of Vision Homes Real Estate LLC





