1970 Victory BlvdStaten Island, NY 10314

For Sale
$49,000

High-Traffic Korean Fried Chicken Restaurant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Staten Island restaurant opportunity presents a fully equipped, newly renovated Korean fried chicken eatery situated within the bustling Palo Plaza shopping mall. Boasting 833 square feet on a 22,713 square foot lot, this single-story, one-unit property offers a 4.92% cap rate with a net operating income (NOI) of $241,000. The asking price is $49,000. All new kitchen equipment is included, featuring two deep fryers, three gas stoves, two sandwich prep tables, and refrigerators. The property benefits from a high-traffic location, minutes from the College of Staten Island, ensuring a consistent customer base. The lease features a remaining term of four years with a five-year option. The seller's investment in a newly installed electronic gate and overall excellent condition ensures a smooth transition for the new owner. This turnkey operation is ready for immediate business, presenting a unique chance to own a thriving, established Korean fried chicken restaurant in a prime Staten Island location. The ceiling height is noted as "Other" in the property records.

Property Details for 1970 Victory Blvd

Property type
Other retail properties, Restaurants
Square Feet
833 SF
Stories
1
Units
1

Location Insight

City
Staten Island
County
Staten Island
State
New York
Latitude
40.6123297
Longitude
-74.1296526
1970 Victory Blvd, Staten Island, New York

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1970 Victory Blvd
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