Flushing Garden Hotel 31-16 Linden Pl 30 Room Hotel Flushing, NY 11354 $10,500,000 ($350,000/Room)
INVESTMENT HIGHLIGHTS
- Situated in Flushing, Queens, near Whitestone Expressway and 678 highway, providing excellent connectivity.
- Located near high-traffic businesses such as Stop & Shop, McDonald's, and Wendy's, ensuring a steady stream of potential customers.
- Zoned M1-1, suitable for a variety of commercial uses.
- Positioned as an economic hotel, providing affordable accommodation options in a high-demand area.
- Convenient parking available for guests, a significant advantage in the busy Flushing area.
- Just 3.5 miles from LaGuardia Airport, 1 mile from Mets Citi Field, and close to Flushing Main Street station.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $10,500,000 |
| Price Per Room | $350,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 14,786 SF |
| No. Rooms | 30 |
| No. Stories | 5 |
| Year Built | 2023 |
| Parking Ratio | 0.27/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | M1-1 - a light manufacturing zoning district that allows for a variety of uses, including manufacturing, commercial, and community facilities. |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 30 | $197.00 | - |
1 of 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Rider's Paradise (94)
PROPERTY TAXES
| Parcel Number | 04408-0037 | Improvements Assessment | $1,312,137 |
| Land Assessment | $281,250 | Total Assessment | $1,593,387 |
