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Mixed-Use Building with Restaurant
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40-06 Astoria Blvd S, Astoria, NY 11103

Three-story mixed-use building with 51 feet of frontage, featuring a restaurant on the first floor and vacant upper levels.

Property Size17,490 SF
Price / SF$271.58
Days on Market931

Property Features for 40-06 Astoria Blvd S

General Information

Standard status Active
Size 17,490 SF
Property subtype RETAIL

Building Details

Year Renovated 2014
Stories 3
Listing Agency: ERG
Listed By: Ryan Lewis
Source: Moodyscre
Added: Feb 21, 2024 Changed: Sep 8 Last Checked: Sep 8 at 11:22AM

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 ERG

Investment Insights

Based on property information with market context.

This three-story mixed-use building offers 17,490 square feet of commercial use. The first floor is currently occupied by a restaurant, while the second and third floors are vacant. The property underwent major renovations in 2014, including a built-to-suit restaurant first floor with over $750,000 in renovations. The second and third floors were also renovated to qualify the building for an ICAP Tax Abatement.

The building has 51 feet of frontage on Astoria Boulevard South and extends 115 feet deep.

A strong configuration for tenants seeking ground-floor restaurant space with renovated, ready upper floors, subject to current vacancy and lease-up planning.

Key Highlights

  • 51 feet of frontage on Astoria Boulevard South with 115 feet of depth
  • 3‑story mixed‑use building with 17,490 SF of commercial use
  • First floor currently occupied by a restaurant; second and third floors are vacant

Property Analytics

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Current Use

AwesomeSauce Restaurant Alpha Astoria Bar & Pub Rivera's Catering Corp Take-out & Catering Sky Suites Events Hotel & Motel Astoria Burger Company Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Adult Day Care Home Appliance Store Clothing & Fashion Store

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

7,039
Businesses Nearby
221k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 52% Shops & Services 19% Groceries 18% Office Supplies 8%
Burger King Dining
36,225 visits/mo 0.1 miles
McDonald's Dining
25,800 visits/mo 0.5 miles
Starbucks Dining
21,319 visits/mo 0.0 miles
Key Food Supermarket Groceries
20,925 visits/mo 0.2 miles
Staples Office Supplies
17,925 visits/mo 0.1 miles

Demographics for 11103, NY

37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

  • Point Brazil 3801 31st Ave, Queens, NY 11103

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Three-story mixed-use building with 51 feet of frontage, featuring a restaurant on the first floor and vacant upper levels.
Where is this conventional restaurant located?
The property is located at 40-06 Astoria Blvd S Astoria, NY.
What is the asking price?
The asking price for this property is $4,749,999.
What are key features of this property?
This property features: 51 feet of frontage on Astoria Boulevard South with 115 feet of depth; 3‑story mixed‑use building with 17,490 SF of commercial use; First floor currently occupied by a restaurant; second and third floors are vacant
(646) 253-0956 Call to check price and availability
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