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    OFF-MARKET
    Commercial real estate

    0 Roosevelt Ave, Queens, NY 11354

    8,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional Chinese restaurant opportunity is located in the heart of Flushing, Queens, at a prime location just one block from Macy's and Main Street. Boasting a generous 8,000 square feet of space, this newly renovated establishment offers a first floor and basement layout, providing ample room for operations. The property includes five private party rooms and two large rooms equipped for karaoke/KTV entertainment, catering to diverse customer preferences. A fully functional kitchen is situated on both the first floor and in the basement, ensuring efficient food preparation and service. The asking price is $490,000, translating to $61.25 per square foot. This turnkey business presents a unique chance to acquire a well-established and profitable restaurant in a high-traffic area with excellent accessibility and visibility. The recent renovation ensures modern aesthetics and functionality, minimizing immediate capital expenditure needs. The strategic location near major retail anchors like Macy's guarantees high foot traffic and convenient access for customers. This is an ideal investment for experienced restaurateurs seeking a profitable venture in a vibrant and densely populated neighborhood. The property is zoned for business use only.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 8,000 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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