Turnkey LIC Corner Restaurant — New Build-Out, 2AM Liquor, 10-Yr Lease
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Rare opportunity to take over a fully built, operating corner restaurant and wine bar in the heart of Long Island City. The entire build-out is less than two years old — complete commercial kitchen with 13-ft hood, pizza oven, and three brand-new walk-ins across ~3,000 SF on two levels. Full liquor with hours approved to 2:00 AM. Landlord offering a new 10-year lease to the incoming operator. Continue the current Italian concept or bring your own — everything is in place to open immediately.
About the Business
- Years in Operation
- 12
- Facilities & Assets
- Approximately 3,000 SF across two levels: ~1,500 SF ground-floor dining room and bar on a high-visibility corner with wraparound frontage and floor-to-ceiling glass on two exposures, plus a ~1,500 SF finished lower level with prep kitchen, office, and dry/cold storage.
The build-out is less than two years old and in excellent condition throughout. Kitchen infrastructure includes a 13-foot commercial hood with fire suppression, double-deck pizza oven, combi oven, lower-level prep kitchen, ice machine, and three brand-new walk-in boxes. Modern mechanical, electrical, and HVAC systems. The front of house features a custom marble bar, full table service dining room, custom awnings, and a design-led interior requiring zero capital expenditure.
Sale includes all furniture, fixtures, and equipment in place. Full liquor with operating hours approved to 2:00 AM. Landlord offering a new 10-year lease at $16,500/month to the incoming operator. Inventory negotiated separately. - Market Outlook / Competition
- Long Island City is the fastest-growing residential neighborhood in New York City — roughly 40,000 new units completed to date, more new condos and apartments added last year than any other NYC neighborhood, and population growth of about 70% over the past decade. The recently approved OneLIC rezoning adds nearly 15,000 more homes and over $900 million in community investment. The location sits in the heart of Hunters Point's established dining corridor, serving this expanding residential base plus waterfront visitors, hotels, and the Court Square office population, one subway stop from Midtown.
The corridor's mix of thriving independent restaurants confirms sustained seven-day dining demand. Notably, the current operation runs with no marketing whatsoever — no social media, no advertising, no delivery-platform presence. All traffic is organic and walk-by, leaving every marketing lever untouched for an incoming operator in a neighborhood adding thousands of new residents nearby. - Opportunities for Growth
- The premises are built to support far more volume than the current operation captures. Takeout and delivery are essentially untapped — no third-party platform presence today — and represent immediate incremental revenue through the existing kitchen with no added rent. Lunch and brunch dayparts are similarly underdeveloped, leaving the space idle during hours when the surrounding residential and office population is at its peak. The 2:00 AM liquor approval opens a late-night bar window few neighboring operators can match, and the lower-level capacity supports private events and catering production without disrupting regular service.
Layer on basic marketing — social media, local search, reservation platforms, neighborhood events — where nothing currently exists, and an incoming operator has multiple independent levers to pull from day one. With nearly 15,000 additional homes approved for the surrounding blocks, the demand side of the equation is already being built.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $16,500 per month
- Lease Expiration
- 8/31/2036
About the Sale
- Seller Motivation
- Ownerhsip wants to downsize and reduce commitmetns
- Transition Support
- A reasonable transition period is available, with scope and duration to be mutually agreed and defined in the purchase agreement. Vendor and supplier introductions as appropriate.
Listing Info
- ID
- 2529122
- Listing Views
Listing ID: 2529122 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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