Restaurant Business with Equipped
For Sale
$288,800
72-06 Austin Street, Forest Hills, NY 11375
The restaurant business includes a beer-and-wine license and operates from leased space with street parking.
Property Size2,000 SF
Price / SF$144.40
Days on Market35
Property Features for 72-06 Austin Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
2,000 SF
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Zhong Jin Chen · License #10401370753
(646) 220-7090
Source:
Croninreale
Added: Sep 20
Changed: Oct 23
Last Checked: Oct 23 at 9:53AM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This restaurant business occupies approximately 2,000 SF plus a basement and includes a fully equipped kitchen. A beer-and-wine license is also in place. The sale covers the business, not the real estate.
The space is leased under a 7+5 year term with 3% annual increases. Street parking is available, and the surrounding area includes supermarkets, pharmacies, other restaurants, national retailers, and residential communities in Forest Hills.
The space is leased under a 7+5 year term with 3% annual increases. Street parking is available, and the surrounding area includes supermarkets, pharmacies, other restaurants, national retailers, and residential communities in Forest Hills.
Key Highlights
- Approximately 2,000 SF plus basement
- Fully equipped kitchen and beer & wine license
- 7+5 year lease with 3% annual increases
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
4,816
Businesses Nearby
498k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Apparel 28%
Shops & Services 23%
Groceries 7%
JCPenney
Apparel
137,981 visits/mo
0.4 miles
Olive Garden
Dining
72,662 visits/mo
0.3 miles
Dunkin' Donuts
Dining
41,038 visits/mo
0.3 miles
BP
Shops & Services
32,450 visits/mo
0.2 miles
7-Eleven
Shops & Services
22,657 visits/mo
0.5 miles
Demographics for 11375, NY
72,851
Population
35,415
Households
2.1
Avg Household Size
43
Median Age
61%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
30,355
Density / Sq Mi
$104,319
Median Household Income
$75,149
Median Earnings
$2,126
Median Rent
$572,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant business includes a beer-and-wine license and operates from leased space with street parking.
Where is this conventional restaurant located?
The property is located at 72-06 Austin Street Forest Hills, NY.
What is the asking price?
The asking price for this property is $288,800.
What are key features of this property?
This property features: Approximately 2,000 SF plus basement; Fully equipped kitchen and beer & wine license; 7+5 year lease with 3% annual increases
