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LAGUARDIA AIRPORT HOTEL DEVELOPMENT SITE - Business For Sale

Queens, New York, United States

Listing: 228 | Ref: Unspecified | Agent: 61

Asking Price:	USD $5,200,000.00
Gross Income:	Undisclosed
Cash Flow:	Undisclosed
Fixtures & Fittings:	Undisclosed
Stock & Inventory:	Undisclosed
Owner Financing:	No
Terms of Sale:	Unspecified

Buy a LAGUARDIA AIRPORT HOTEL DEVELOPMENT SITE business for sale

Business Description

THIS IS A PRIME HOTEL DEVELOPMENT SITE. LOCATED AT THE ENTRANCE TO GRAND CENTRAL PARKWAY AND DIRECTLY ACROSS FROM LAGUARDIA AIRPORT ( WATER VIEWS ). IT IS ALSO NEARBY CITI FIELD AND THE NEW WILLETS POINT DEVELOPMENT.

Detailed Information

Expansion Potential: WITH THE LACK OF ENOUGH AVAILABLE HOTEL SPACE IN THE NEW YORK AREA , THIS SHOULD BE EASILY DEVELOPED WITH ANY MAJOR HOTEL FRANCHISOR AND COMMAND MORE THAN A REASONABLE RETURN ON INVESTMENT.

Competition & Market Info: VERY LITTLE COMPETITION IN THE IMMEDIATE AREA - THERE IS DEFINITELY A NEED FOR MORE HOTELS.

Reasons for Sale: PRESENT OWNER HAS OTHER INTERESTS

Other Assets: Real Estate: $5,200,000

Real Estate Information

Property Type: Freehold

Premises Details: RAW LAND FOR SALE APPROVED FOR 126 ROOM HOTEL WITH 25 YEAR TAX ABATEMENT

Size (Sq m or ft): 48424 sq ft

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Key Info:

Marketed by: Lisiten & Associates Business Brokers
Contact: Click here
Rating: Agents Rating

Location:
United States » North East » New York » Queens
Categories:
Real Estate » Development » General Development
Real Estate » Investment » General Investment
Real Estate » Land » General Land

Real Estate: Freehold

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