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Restaurant with Bar Seating
For Lease
$10,050/Mo

538-538 Willett Ave, Portchester, NY 10573

Restaurant space with bar stools and standing room, built out after a 2022 gut renovation.

Space SizeContact for details
Days on Market114

Property Features for 538-538 Willett Ave

General Information

Standard status Active
Lease Type Gross

Taxes and HOA fees

Annual Taxes $67,230

Building Details

Year Renovated 2022
Listing Agency: Houlihan & O'Malley R. E. Serv
Listed By: Gerry Houlihan
Source: Exprealty
Added: May 19 Changed: Sep 7 Last Checked: Sep 8 at 11:18AM

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 Houlihan & O'Malley R. E. Serv

Investment Insights

Based on property information with market context.

This restaurant space is set up for dining and bar service, with allowable occupancy of 149 people including 61 seats, 15 bar stools, and 73 standing. The landlord will sell all furniture, fixtures, and equipment to the tenant.

The previous tenant completed a +/- 90% gut renovation and opened for business in February 2022, with the majority of the furniture, fixtures, and equipment installed at that time. The property is located in a small strip mall near the Greenwich, CT border.

Gross rent is $10,050 and includes base rent, real estate taxes, and CAM, with key money listed at $125,000.

Key Highlights

  • Restaurant space with 61 seats, including bar seating and 73 standing spots (Allowable Occupancy: 149 people)
  • Previous tenant completed a +/-90% gut renovation and opened the restaurant in February 2022
  • Key money: $125,000

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Florist Pet Store Pet Store & 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

1,320
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Dining 34% Electronics 2%
Exxon Shops & Services
9,919 visits/mo 0.3 miles
Carvel Ice Cream Dining
5,959 visits/mo 0.3 miles
Citgo Shops & Services
5,026 visits/mo 0.1 miles
Pasquale's Dining
2,673 visits/mo 0.3 miles
Enterprise Rent-A-Car Shops & Services
999 visits/mo 0.5 miles

Demographics for 10573, NY

41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
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?
Bar & Pub - Restaurant space with bar stools and standing room, built out after a 2022 gut renovation.
Where is this bar & pub located?
The property is located at 538-538 Willett Ave Portchester, NY.
What is the lease rate?
The lease rate is $10,050/Mo.
What are key features of this property?
This property features: Restaurant space with 61 seats, including bar seating and 73 standing spots (Allowable Occupancy: 149 people); Previous tenant completed a +/-90% gut renovation and opened the restaurant in February 2022; Key money: $125,000
More about this property
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