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Turnkey Restaurant Space with Outdoor Seating
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220 Park Ave S, New York, NY 10003

New restaurant build-out with kitchen infrastructure and outdoor seating for about 20 customers on 18th Street.

Property Size2,800 SF
Days on Market845

Property Features for 220 Park Ave S

General Information

Standard status Active
Size 2,800 SF
Property subtype RETAIL

Amenities

outdoor seating
large blade sign
awning
Listing Agency: CBRE | Midtown Manhattan
Listed By: Michael Kadosh
Source: Moodyscre
Added: Apr 9, 2024 Changed: Jul 28 Last Checked: Aug 1 at 5:13AM

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 CBRE | Midtown Manhattan

Investment Insights

Based on property information with market context.

Newly built out restaurant space with commercial kitchen infrastructure already in place, suitable for a concept that needs a ready-to-operate back-of-house. The site includes outdoor seating on 18th Street that can accommodate about 20 customers.

The building has strong street-level presentation with a large blade sign on the corner of the building and an awning at the entrance on Park Avenue South. The property is steps from Union Square, with access to the L, N, Q, R, 4, and 5, 6, and W trains and an estimated 90,000 daily riders.

The prior tenant was Saltbae Burger, providing additional evidence of restaurant use at the location.

Key Highlights

  • Newly built‑out restaurant space with kitchen infrastructure in place (formerly Saltbae Burger)
  • Outdoor seating on 18th Street for about 20 customers
  • Corner building has a large blade sign and an entrance awning on Park Avenue South

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Nursing Home Auto Parts Store Buffet Adult Day Care Pet Grooming Service Locksmith

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

42,972
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
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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Similar Off Market Nearby

  • Kikoo Sushi — 141 1st Ave., New York, NY 10003

Frequently Asked Questions

What type of property is this?
Conventional restaurant - New restaurant build-out with kitchen infrastructure and outdoor seating for about 20 customers on 18th Street.
Where is this conventional restaurant located?
The property is located at 220 Park Ave S New York, NY.
What are key features of this property?
This property features: Newly built‑out restaurant space with kitchen infrastructure in place (formerly Saltbae Burger); Outdoor seating on 18th Street for about 20 customers; Corner building has a large blade sign and an entrance awning on Park Avenue South
(212) 984-7113 Call to check price and availability
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