Property summary
This exceptional turnkey restaurant opportunity is located at 185 Orchard Street, in the vibrant Lower East Side of New York City. The 3,000 square foot space boasts a highly visible 60-foot street frontage on Orchard Street, offering excellent exposure to the high pedestrian traffic of this bustling neighborhood. The property includes a full basement and approximately 700 square feet of mezzanine space, providing ample room for operations and storage. The 20-foot ceiling height adds to the spacious feel. The space is currently occupied by Claw Daddy's, with possession arranged. This prime location is surrounded by a thriving mix of businesses, including well-known establishments like Russ & Daughters and Katz's Delicatessen, ensuring a constant flow of potential customers. The area is densely populated, with over 183,000 residents within a half-mile radius and more than 200 restaurants and cafes within walking distance. The building itself is a 20-story structure built in 2005, featuring elevators and a total of 111,051 square feet. The property sits on an 8,074 square foot lot. Convenient access to four subway lines (F, M, J, Z) further enhances its appeal. The property also benefits from its proximity to the Hotel Indigo (296 rooms), providing a built-in customer base. This fully equipped restaurant comes complete with a full kitchen and a full liquor license, making it an ideal opportunity for immediate operation. The building has a FAR of 13.44. The cross streets are East Houston Street and Stanton Street, placing the property in the heart of the Lower East Side's dynamic culinary scene.
Property profile
VerifiedCap rate & NOI
Current use
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Music Venue Bar & Pub
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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