31-16 Linden Pl - Hospitality FOR SALE


Flushing, NY 11354
$10,500,000 USD
212-772-5957
31-16 Linden Pl, Flushing, NY for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

31-16 Linden Pl
Flushing, NY 11354


HIGHLIGHTS

  • Situated in Flushing, Queens, near Whitestone Expressway and 678 highway, providing excellent connectivity.
  • Positioned as an economic hotel, providing affordable accommodation options in a high-demand area.
  • Located near high-traffic businesses such as Stop & Shop, McDonald's, and Wendy's, ensuring a steady stream of potential customers.
  • Convenient parking available for guests, a significant advantage in the busy Flushing area.
  • Zoned M1-1, suitable for a variety of commercial uses.
  • Just 3.5 miles from LaGuardia Airport, 1 mile from Mets Citi Field, and close to Flushing Main Street station.

OVERVIEW

This exceptional investment opportunity at 31-16 Linden Place in Flushing, Queens, New York, offers a prime 5-story boutique hotel featuring 30 rooms and on-site parking, positioned on a 6,250 SF lot with a building size of 14,786 SF. This property is strategically located near the Whitestone Expressway and 678 highway, providing seamless access to LaGuardia Airport, Mets Citi Field, and Flushing Main Street station. The hotel's proximity to high-traffic businesses like Stop & Shop, McDonald's, and Wendy's ensures a steady flow of customers, making it a highly attractive asset for hospitality investors. With a 3-star rating, the hotel combines cost-effective amenities with a prime location, promising strong returns and significant appreciation potential in a rapidly growing area. The high visibility and accessibility make it an ideal choice for investors seeking a stable and lucrative venture in the hospitality sector.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$710 USD /SF

# OF ROOMS

30

PRICE/ROOM

$350,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flushing Garden Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2023

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

M1-1

APN/PARCEL ID

04408-0037

ASK ABOUT THIS PROPERTY

Steve ZhuCompassMore Info
212-772-5957

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Steve ZhuCompassMore Info
212-772-5957

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