20412 Hillside Avenue, Hollis, NY, 11423 | $875,000

Excellent opportunity to acquire a well-established neighborhood mini market located in a high-visibility location with strong daily foot traffic. This turnkey business comes equipped with a substantial amount of supermarket equipment, including numerous refrigerated display units, shelving, fixtures, and other essential store furnishings. The property features two fully equipped kitchens, a finished full basement offering extensive storage space, a private office, a bathroom, and a comprehensive security camera system. An attached restaurant space provides additional flexibility and may continue operating as a restaurant (subject to any required approvals) or be incorporated into the existing market to expand the retail footprint. The business reported approximately $1. 5 million in gross revenue during 2025. Seller indicates that 2026 sales have declined as they prepare for retirement/sale, with reduced investment in inventory due to other business ventures and increased family commitments. This is an excellent opportunity for an owner-operator, investor, or entrepreneur looking to build upon an established foundation. Whether you choose to continue the current concept or modernize and reposition the business, the property offers flexibility and significant potential for future growth. Buyers are encouraged to perform their own due diligence regarding financial performance, operations, and any intended future use. This is for sale of the business only. The rent is currently at $12, 900 per month.

Features

  • Property Type: Business Opportunity
  • Year Built: 1931
  • Acreage: 0.04
  • Appliances: Convection Oven, Cooktop, Gas Cooktop, Gas Oven, Gas Range, Oven, Refrigerator, Stainless Steel Appliance(s)
  • MLS#: 1021552
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/1021552/20412hillsideavenue_hollis_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Concrete Jungle NYC Realty   Phone: 347-242-0937

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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20412 Hillside Avenue, Hollis, NY, 11423

$875,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $700,000 $700,000 $700,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.223% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,920 $4,253 $5,860
Total Monthly Payment $4,012 $4,345 $5,952

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.