7903 Roosevelt Ave - Retail FOR SALE


Jackson Heights, NY 11372
$2,800,000 USD
646-236-9090
7903 Roosevelt Ave, Jackson Heights, NY for Sale
$2,800,000 USD
Retail - FOR SALE
1/7
null | 5.5% Cap Rate

NEW


7903 Roosevelt Ave
Jackson Heights, NY 11372


OVERVIEW

79-03 Roosevelt Avenue, Jackson Heights, NY Prime commercial property positioned along Roosevelt Avenue, one of Queens’ most active and heavily traveled retail corridors. This two-story attached brick building was constructed in 1931 and is situated on an approximately 1,950-square-foot lot measuring approximately 20 feet by 100 feet. The property is home to El Abuelo Gozón, a long-established restaurant, sports bar and entertainment venue that has operated at this Roosevelt Avenue location for more than 40 years. Since 1983, it has become a recognizable Jackson Heights gathering place. The two-level venue has a reported capacity of approximately 280 people and benefits from an established liquor license and cabaret license. Known as “El Monumental de Queens,” the business offers a longstanding presence along one of Queens’ busiest commercial corridors. The building offers approximately 3,200 square feet of above-grade commercial space across two stories, together with a fully utilized basement. The lower level includes office space, separate men’s and women’s public restrooms, a commercial walk-in freezer, an ice-machine unit, a sprinkler system and additional storage. The property benefits from an established liquor license and a longstanding history of use as a cabaret and entertainment venue. The sale includes the existing restaurant and bar equipment, walk-in refrigeration units, commercial hood system and full commercial kitchen. The property, business equipment and included fixtures are offered strictly as-is. Building will be delivered vacant

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,007 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

01290-0046

ASK ABOUT THIS PROPERTY

Giulio FerranteSignature Premier PropertiesMore Info
646-236-9090

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Giulio FerranteSignature Premier PropertiesMore Info
646-236-9090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.