44Th Dr Queens, NY 11101
- Retail properties
- 1,900 SF
Current Use by Public Records
- Retail properties
Property Details for 0 44Th Dr
- Property size
- 1,900 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9484
- Latitude
- 40.7483
