Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 2
Pets: Pets No

Financials

Price:C259,000
($187,987.38)
(€165,763.47)
505 Park Ave, New York, NY 10022

Description

Incredible opportunity to own a well-established convenience store located in a high-traffic downtown area with no future zoning options for new competition. Operating for over 30 years, this trusted neighborhood staple boasts consistent clientele and proven profitability. The store offers a balanced and diversified income stream 65% of gross sales are from grocery and liquor, while tobacco contributes only 15%, minimizing dependency on regulated products. Notably, the lotto commission alone covers more than the rent, creating an attractive margin for owner-operators or investors alike. The current rent is remarkably low for such a prime location, providing long-term cost stability and maximizing net income potential. This is a turnkey operation with strong cash flow and an excellent reputation within the community. Whether you're looking for a secure investment or a self-employment opportunity with low overhead and high return, this business checks all the boxes. Do not miss your chance to own a rare downtown gem with built-in competitive protection and decades of goodwill.

Amenities

  • Available
  • Public Transit

Incredible opportunity to own a well established convenience store located in a high traffic downtown area with no future zoning options for new competition.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.