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Turnkey Restaurant Space with Outdoor Seating
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220 Park Avenue South, New York, NY 10003

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

Space Size1,000 SF - 3,000 SF
Days on Market89

Property Features for 220 Park Avenue South

General Information

Standard status Active
Size 1,000 SF - 3,000 SF
Property subtype Retail

Amenities

outdoor seating
large blade sign
awning

Spaces For Lease

at 220 Park Avenue South Contact us

Ground Floor Available

Size 2,800 SF
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Lower Level Available

Size 3,000 SF
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Mezzanine Available

Size 1,000 SF
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Listing Agency: CBRE | Midtown Manhattan
Listed By: Michael Kadosh
Source: Cbre
Added: Jul 27 Changed: Oct 21 Last Checked: Oct 20 at 7:26PM

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

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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

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Current Use

Conventional restaurants

Suggested Use

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

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

33,806
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

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 Avenue South 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
More about this property
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