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    9109 31St Ave Queens, NY 11369

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    For Sale
    $185,000

    Turnkey Ecuadorian restaurant for sale in a vibrant neighborhood.

    Lot size:
    0.05 Acres

    Property Features for 9109 31St Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1927

    Source: Telemundo Realty Corp Agent Gladys Ramirez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant in East Elmhurst

    This is a turnkey opportunity to purchase an established, income-producing Ecuadorian restaurant situated in the heart of East Elmhurst. The restaurant is located on a busy block surrounded by residential housing, benefiting from strong local foot traffic and a loyal customer base. The sale includes a fully equipped kitchen and a dining area. The property also features a full basement with steps leading to the street. The restaurant has a full liquor license, as well as beer and wine licenses. The space is in excellent condition and ready for continued operation. This property is an ideal investment for an experienced operator or a first-time business owner looking to enter the food and beverage industry in Queens. The property is suitable for restaurant and retail use.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    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

    Vista Penthouse Ballroom, Creative Concepts NYC, Michael Scott Events, Butter Beans, Inc., VALENTINA GROUP

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.909961
    Latitude
    40.758258

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Ecuadorian restaurant for sale in a vibrant neighborhood.
    Where is this restaurant located?
    The property is located at 9109 31St Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing Ecuadorian restaurant.; - Includes a full liquor license, plus beer and wine licenses.; - Fully equipped kitchen and dining area.
    (347) 351-5846
    Request Owner's contact information
    9109 31St Ave Queens, NY 11369
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    Queens, 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
    9109 31St Ave Queens, NY 11369
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