High Grossing, TURNKEY Midtown Manhattan Bar/Restaurant - Distressed Sale

High Grossing, TURNKEY Midtown Manhattan Bar/Restaurant - Distressed Sale
Available

This $2.7 million dollar grossing midtown Manhattan GEM is perfect for a conversion and a new owner. Capitalize on this bar and restaurant’s multi-million dollar buildout in this busy and high grossing location between Times Square and Penn Station. Prior to COVID, this location would historically gross over $4 million annually. This is a great opportunity for a new owner to leverage this existing concept or take it is a new direction in one of Manhattan’s busiest corridors. This 2nd generation spot is an inexpensive and affordable pathway for a new owner.

Property Details

Listing Price
$475,000
Type
Full Service
Concept
Bar/Pub
Sales
$2.69
Square Footage
3,000
Square Footage (Additional Notes)
plus 1,200 sq ft basement 
Parking
Off-Site
Base Rent
$31,390
Lease Terms
2 years remaining 
Includes Real Estate
No
Liquor License
No
Licenses
Full Liquor License - 4AM
Hours
12pm – Open Late

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