Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    71-04 Grand Ave, Queens, NY 11378

    4,446 SF Built 1930
    Property ID
    Property summary
    AI-generated overview

    This exceptional Queens restaurant presents a unique turnkey opportunity for a savvy investor or restaurateur. Located at 71-04 Grand Avenue in the vibrant Queens neighborhood (zip code 11378), this three-story, 4,446 square foot property boasts a rich history, having been built in 1930. Currently vacant, the property offers a significant advantage for a new owner to establish their vision without the need for extensive renovations. The asking price is $140,000, representing a compelling investment in a well-established location. The interior features a fully equipped kitchen, including two gas stoves, two large gas stoves, a fryer, three freezers (one for vegetables and two for meat), a walk-in cooler, an ice machine, a dishwasher, three sinks, and ample prep space. The dining area comfortably accommodates 65 guests, with seven booths and three tables with chairs. Additional features include a bar, a backyard area, a full basement with an office, two bathrooms, a storage closet, and two tablets. The property also includes one large refrigerator, one small two-door refrigerator, a rice warmer, and a storage table. The lease has a remaining term of nine years, providing long-term stability for the new owner. This is a rare chance to acquire a fully equipped, ready-to-operate restaurant in a prime location. The seller is highly motivated and open to negotiations. Five units are included in the sale.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1930
    Total area 4,446 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
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 71-04 Grand Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message