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    OFF-MARKET
    Retail properties & Spaces

    0 44Th Dr, Queens, NY 11101

    1,900 SF
    Property ID
    Property summary
    AI-generated overview

    This thriving Long Island City bar and restaurant, located at 44th Dr in Queens, NY 11101, presents a unique turnkey investment opportunity. The 1,900 square foot space is currently operating under a gross lease with a remaining term of approximately 3.7 years, expiring July 31, 2028, with a 10-year lease option available. Priced at $369,000 ($194.21/sq ft), this single-unit establishment boasts a strong, established customer base and consistent year-over-year growth. All furniture, fixtures, kitchen equipment, and inventory (including wine, liquor, and mixers) are included in the asking price. The business benefits from its prime location on a high-traffic connector road, enhanced by the recent opening of a trade school across the street, driving increased foot traffic and potential clientele. The current owner, retiring after building a loyal customer base with minimal advertising, is willing to provide support and training to ensure a smooth transition for the new owner. Significant upside potential exists through the implementation of an online marketing strategy and social media presence to further expand the already profitable operation. This is an exceptional opportunity for an owner/user to acquire a well-established business with immediate profitability and significant growth potential in a vibrant Long Island City location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,900 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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