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- LoopNet Team
40-17 Broadway
Astoria, NY 11103
NEW LEASE W/BUSINESS ASSET PURCHASE · Property For Lease
Highlights
- Heavy Foot Traffic
- Close to Public Transportation
- Up-to-Date Commercial Grade Kitchen
- Busy Retail District
- Basement
- High Capacity Gas Lines
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 4,900 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1939/2017 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 4,900 SF |
| Year Built/Renovated | 1939/2017 |
About the Property
40-17 Broadway ground floor is a prime retail location in the heart of the Astoria business district suitable for a national chain or local operator. The current buildout entails a classic contemporary design containing a fully functional restaurant including an up-to-date kitchen with gas appliances, multiple cold storage units, a walk in cooler, pressurized gas taps, and a full dishwashing set up in an 800 sf basement. The current operator holds an active 4AM liquor license. The businesses assets are being listed for sale at $400,000 with the possible option of negotiating a new long term lease at the starting rent commiserate with the current lease term. The current rent is $12,172.38 per month. CAM EXPENSES are negotiable. Current owners will consider an after hours sublease partnership for an after hours cocktail bar, terms to be determined. Please contact agent directly for more information.
