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Restaurant Building with Banquet Space
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149-32 41st Avenue, Flushing, NY 11355

Restaurant building with a commercial kitchen, dining area, and walk-in cooler/freezer, plus a second-floor event space with separate entrance.

Property SizeContact for details
Days on Market69

Property Features for 149-32 41st Avenue

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $74,832
Listing Agency: Compass Greater NY LLC
Listed By: Lei Zhu (steve.zhu@compass.com)
Source: Ridgevalleyre
Added: Jun 17 Changed: Aug 23 Last Checked: Aug 24 at 7:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Greater NY LLC

Investment Insights

Based on property information with market context.

This restaurant building is set up with built-in foodservice infrastructure, including a commercial-grade kitchen, a spacious dining area, and a walk-in cooler and freezer. The property is currently vacant and includes an additional second-floor space configured for use as a banquet hall or private event space, with a separate entrance.

The location is described as being just off Northern Boulevard and steps from Main Street, positioned directly across from the Long Island Rail Road Flushing–Main Street Station. This provides convenient transit access and strong walk-up visibility in a dense dining and retail corridor.

Overall, the property’s two-level configuration supports both day-to-day restaurant operations and separate private events through the dedicated second-floor entrance and existing layout.

Key Highlights

  • Restaurant building just off Northern Boulevard and steps from Main Street in Flushing
  • Across from the Long Island Rail Road Flushing–Main Street Station, a primary regional transit hub
  • Commercial‑grade kitchen with spacious dining area, plus walk‑in cooler and walk‑in freezer

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Hotel & Motel Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,052
Businesses Nearby
199k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 45% Dining 31% Groceries 12% Office Supplies 10%
Michaels Shops & Services
48,052 visits/mo 0.5 miles
Jollibee Dining
22,496 visits/mo 0.2 miles
Staples Office Supplies
19,965 visits/mo 0.3 miles
Fresh N Save Marketplace Groceries
18,264 visits/mo 0.2 miles
KFC Dining
15,404 visits/mo 0.3 miles

Demographics for 11355, NY

89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant building with a commercial kitchen, dining area, and walk-in cooler/freezer, plus a second-floor event space with separate entrance.
Where is this conventional restaurant located?
The property is located at 149-32 41st Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Restaurant building just off Northern Boulevard and steps from Main Street in Flushing; Across from the Long Island Rail Road Flushing–Main Street Station, a primary regional transit hub; Commercial‑grade kitchen with spacious dining area, plus walk‑in cooler and walk‑in freezer
More about this property
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