9601 Northern Boulevard, Corona, NY 11368 (MLS # 1029353)
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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.
| DAYS ON MARKET | 4 | LAST UPDATED | 7/22/2026 |
|---|---|---|---|
| YEAR BUILT | 1929 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Unfinished |
| CONSTRUCTION | Stucco |
| HEAT | Natural Gas |
| LOT | 3999 sq ft |
| SEWER | Public Sewer |
| TAXES | 40740.12 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
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