Mexican Restaurant and
For Sale
$180,000
40-06 83rd Street, Elmhurst, NY 11373
Business Opportunity, Elmhurst, NY
Property SizeContact for details
Days on Market39
Property Features for 40-06 83rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Finished
Appliances
Convection Oven, Dishwasher, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Gas Water Heater
Elementary school
PS 89 Jose Peralta School Of Dreamers
Middle school
Is 73 Frank Sansivieri Intermediate School (The)
High school
Newtown High School
Elementary school district
Queens 24
Middle school district
Queens24
High school district
Queens24
Directions
40 Ave and 83rd Street
Standard status
Active
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Building materials
Brick
Listing Agency:
Telemundo Realty Corp
(718) 205-3737
Listed By:
Gladys Ramirez · License #31RA0597323
(347) 351-5846
Added: Jul 18
Changed: Aug 20
Last Checked: Aug 25 at 5:06AM
MLS# 1027872
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established Mexican restaurant and bakery operation includes a commercial kitchen equipped with a convection oven, gas oven, gas range, dishwasher, ice maker, microwave, and refrigerator. The property is a brick building constructed in 1957 with central air, baseboard heating, and a basement. Public water and sewer serve the premises, and cable service is available.
The business is located at 40-06 83rd Street in Elmhurst, Queens, near the 7 Train and bus lines. Elmhurst Hospital, banks, shopping centers, and clothing stores are also nearby. The existing lease has 6 years remaining and provides for a 3% increase.
The business is located at 40-06 83rd Street in Elmhurst, Queens, near the 7 Train and bus lines. Elmhurst Hospital, banks, shopping centers, and clothing stores are also nearby. The existing lease has 6 years remaining and provides for a 3% increase.
Key Highlights
- Established Mexican restaurant and bakery operation
- Lease has 6 years remaining with a 3% increase
- Near the 7 Train and bus lines
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
237k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 30%
Home Improvements & Furnishings 24%
Groceries 7%
The Home Depot
Home Improvements & Furnishings
52,149 visits/mo
0.5 miles
McDonald's
Dining
37,148 visits/mo
0.3 miles
Burger King
Dining
19,502 visits/mo
0.5 miles
Farm Country of Jackson Heights
Groceries
17,690 visits/mo
0.5 miles
Chase Bank
Shops & Services
16,197 visits/mo
0.5 miles
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating food-service business with bakery functions, commercial kitchen equipment, and an existing lease term.
Where is this conventional restaurant located?
The property is located at 40-06 83rd Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Established Mexican restaurant and bakery operation; Lease has 6 years remaining with a 3% increase; Near the 7 Train and bus lines
