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Bar Space with Gas Kitchen

514 3rd Ave, New York, NY 10016

For Lease
New
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A renovated, vented kitchen and an existing full liquor license support bar operations.

Space Size1,550 SF
Days on Market4

Property Features for 514 3rd Ave

General Information

Standard status Active
Size 1,550 SF
Property subtype RETAIL

Site & Location

Neighborhood Midtown Manhattan

Restaurant

Commercial Hood Yes
Liquor License Yes

Additional Details

Space Use Restaurant

Spaces For Lease

at 514 3rd Ave
514 3rd Ave $23,500/Mo
Floor 1
Size 1,550 SF
Type RETAIL
Availability AVAILABLE, 30 Days
Sublease No
-Experienced operators only -Prime bar/restaurant opportunity in Murray Hill -Newly renovated gas kitchen -Fully vented -Full liquor license in place -High foot traffic and residential area
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Listing Agency: Meridian Capital Group
Listed By: James Famularo
Source: Moodyscre
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 4:50AM

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 Meridian Capital Group

Rey
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Investment Insights

Based on property information with market context.

This 1,400-square-foot bar and restaurant space at 514 3rd Ave includes a recently updated gas kitchen with full ventilation. A full liquor license is in place.

The property is in Murray Hill, in a residential area described as having high foot traffic.

Key Highlights

  • 1,400 square feet of bar and restaurant space
  • Recently updated gas kitchen with full ventilation
  • Full liquor license in place

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Grand Canyon Restaurant ... Restaurant NY home Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Buffet Parking Lot & Garage Plumbing 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

Yes
Commercial hood
Yes
Liquor license
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

59,430
Businesses Nearby
Well-served
Demand for This Use

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Bars & Pubs in New York

Jul
Aug
Sep
Oct

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

  • Cafe Bocce — 20 Union Square W, New York, NY 10003
  • The Grain — 35 Union Square W, New York, NY 10003
  • Torch & Crown Brewing Union Square — 20 Union Square W, New York, NY 10003
  • The Stand NYC — 116 E 16th St, New York, NY 10003
  • iasadr — 109 E 16th St, New York, NY 10003

Frequently Asked Questions

What type of property is this?
Bar & Pub - A renovated, vented kitchen and an existing full liquor license support bar operations.
Where is this bar & pub located?
The property is located at 514 3rd Ave New York, NY.
What is the lease rate?
The lease rate is $23,500.
What are key features of this property?
This property features: 1,400 square feet of bar and restaurant space; Recently updated gas kitchen with full ventilation; Full liquor license in place
(212) 468-5960 · Office Call to check price and availability
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