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$ 689,000
Est. payment | /mo
5,000 SqFt
$ 689,000
Est. payment | /mo
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Business Only
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $137
MLS Listing ID 504679
Property Sub-Type Business Only
Property Description
Welcome to 1944 1st Avenue, an excellent opportunity to acquire a fully renovated supermarket business located in the heart of East Harlem. Situated along the busy 1st Avenue commercial corridor, this approximately 5,000 SF operation offers a wide storefront, strong visibility, and heavy pedestrian traffic.
The supermarket offers a variety of groceries, fresh food, and prepared hot food, and includes a fully equipped kitchen for on-site food preparation. The entire space was completely renovated approximately one year ago, providing a modern and well-maintained setup for a new operator.
The business generates approximately $160,000 in monthly revenue. Current rent is approximately $13,200 per month, including property taxes, making this a strong income-producing business opportunity in a high-demand Manhattan neighborhood.
Surrounded by residential buildings, restaurants, parks, hospitals, and other neighborhood businesses, the location benefits from a consistent customer base and excellent foot traffic. Convenient transportation nearby includes the Q and N subway lines, as well as the M15 and M106 buses.
A rare opportunity to acquire a large, recently renovated supermarket with an established operation, full kitchen, excellent visibility, and strong monthly sales in East Harlem.
The supermarket offers a variety of groceries, fresh food, and prepared hot food, and includes a fully equipped kitchen for on-site food preparation. The entire space was completely renovated approximately one year ago, providing a modern and well-maintained setup for a new operator.
The business generates approximately $160,000 in monthly revenue. Current rent is approximately $13,200 per month, including property taxes, making this a strong income-producing business opportunity in a high-demand Manhattan neighborhood.
Surrounded by residential buildings, restaurants, parks, hospitals, and other neighborhood businesses, the location benefits from a consistent customer base and excellent foot traffic. Convenient transportation nearby includes the Q and N subway lines, as well as the M15 and M106 buses.
A rare opportunity to acquire a large, recently renovated supermarket with an established operation, full kitchen, excellent visibility, and strong monthly sales in East Harlem.
Location
State NY
County New York (manhattan)
Area East Harlem
Zoning R7-2
Rooms
Basement None
Interior
Interior Features Kitchen, Restrooms - Staff
Equipment All equipment is included
Exterior
Roof Type Other
Present Use Retail
Building
Foundation Other
Others
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Fang Fang Realty Inc
Nearby Locations
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Carey Yang
Broker-Owner Lic# 10491202683