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    340 46Th St New York, NY 10036

    For Lease
    $150 SF/Yr

    Profitable Restaurant, Theater District

    Lot size:
    3,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional turnkey restaurant opportunity, Le Rivage, is located in the heart of New York City's Theatre District, specifically on Restaurant Row between Seventh and Eighth Avenues. The 3,864 square foot space boasts a fully operational, highly profitable business with a dedicated clientele and staff, established since 1984. The restaurant features traditional Country French cuisine and comes fully furnished, including a full liquor license, ensuring immediate possession. High volume sales are a key feature of this established business. The property is situated at 340 W 46th St, New York, NY 10036, offering unparalleled access to a vibrant and high-traffic area. Nearby establishments include renowned restaurants and theaters, such as the Richard Rodgers Theatre and the Majestic Theater, ensuring consistent foot traffic and a strong customer base. Convenient public transportation is readily available via the E, C, 1, 2, 3, N, R, and W subway lines, as well as several bus routes (M50, M11, M20, M27, M104). This is a rare chance to acquire a well-established, profitable restaurant in a prime location. The sale includes all existing furniture, fixtures, and equipment. This is a truly remarkable opportunity for a discerning buyer seeking a successful, established restaurant business in a highly desirable area.

    Property Features for 340 46Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,864 SF
    Total Rate
    48300

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $150

    HighLights

    • Prime Theatre District location on Restaurant Row.
    • High‑traffic area with excellent visibility.
    • Strong potential for high occupancy rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wine Stories NY Wine Store Carlyle Construction Corporation Property Management Company New York City ... Performing Arts Group Carlyle Property Management ... Property Management Company Le Rivage French Restaurant

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.989595802302
    Latitude
    40.760320198616

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, Theater District
    Where is this restaurant located?
    The property is located at 340 46Th St New York, NY.
    What is the lease rate?
    The lease rate is $150 SF/Yr.
    What are key features of this property?
    This property features: Prime Theatre District location on Restaurant Row.; High-traffic area with excellent visibility.; Strong potential for high occupancy rates.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 46Th St New York, NY 10036
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