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    88-11 31St Ave East Elmhurst, NY 11369

    For Sale
    $299,000

    Business - East Elmhurst, NY

    Type:Business
    Property size:
    2,800 SF
    Days on Market:
    249
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 88-11 31St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,800 SF

    Utilities

    Cooling system
    ENERGY STAR Qualified Equipment

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    Telemundo Realty Corp (347) 351-5846 [email protected]

    Listing agent Gladys Ramirez (718) 205-3737 License #31RA0597323

    Listing date Apr 2, 2025

    MLS# 840319 Listing URL

    Copyright © 2025 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.

    Overview

    East Elmhurst Bar Restaurant Opportunity

    This bar and restaurant is available for sale in the heart of East Elmhurst, New York. The 2,800-square-foot commercial space is zoned for commercial use and features a fully equipped bar, restaurant, and kitchen. The kitchen includes a stove, steam table, flyer, walk-in box, computer, pizza oven, ice maker, grease trap, and preparation area. The sale includes 5 televisions, a cash register, tables, chairs, and storage areas. The seating capacity is 60 people. The owners will lease all the inventory of food and liquor. There is a 12-year lease with a 2.5% annual increase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Las Margaritas, La Hueca, Hombres Lounge, Espresso 77, Barriles

    Location Insight

    • Map
    • Local Demand
    City
    East Elmhurst
    County
    Queens
    State
    New York
    Longitude
    -73.907651
    Latitude
    40.756668

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    FAQs

    What type of property is this?
    Bar - Fully equipped bar and restaurant for sale in East Elmhurst.
    Where is this bar located?
    The property is located at 88-11 31St Ave East Elmhurst, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Fully equipped bar and restaurant with a complete kitchen including a pizza oven and walk-in box.; - Prime location in the heart of East Elmhurst, NY.; - Existing 12-year lease with reasonable 2.5% annual increase.
    (718) 205-3737
    Request Owner's contact information
    88-11 31St Ave East Elmhurst, NY 11369
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    East Elmhurst, NY 11369
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    88-11 31St Ave East Elmhurst, NY 11369
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