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Key Money Sale 487 Seneca Ave 3,024 SF Retail Building Ridgewood, NY 11385 $170,367 CAD ($56.34 CAD/SF)



Executive Summary
Key Money Sale: $125,000
Turnkey opportunity to acquire a fully operational café restaurant in the heart of Ridgewood. Located on a high foot-traffic block, this well-established café is currently known for its hearty sandwiches, breakfast offerings, soups, and café/bar snacks, serving a loyal neighborhood clientele.
The space features 650 sq ft on the ground-floor café plus a 954 sq ft fully built basement kitchen, offering ample prep, storage, and production capacity. The business is being offered as a lease assignment with competitive Ridgewood rent, making it an attractive opportunity for an owner-operator or hospitality group looking to step into a ready-to-run concept.
Included in the sale are a fully equipped kitchen, fixtures, and furnishings (excluding: mirrors, shelving and espresso grinder and drip), allowing for a seamless transition. The location also benefits from a renewable 4 AM liquor license, adding significant value and flexibility for expanded evening service.
Highlights:
- Key Money: $125,000
- Ground Floor Café: 650 SF
- Basement Kitchen: 954 SF
- Fully operational, turnkey café restaurant
- Lease assignment with competitive rent
- Renewable 4 AM liquor license
- Fully equipped kitchen and furnishings included
- Prime Ridgewood location with strong foot traffic
Ideal for a café operator, sandwich concept, or neighborhood restaurant seeking an established presence in one of Queens’ most vibrant dining corridors.
Turnkey opportunity to acquire a fully operational café restaurant in the heart of Ridgewood. Located on a high foot-traffic block, this well-established café is currently known for its hearty sandwiches, breakfast offerings, soups, and café/bar snacks, serving a loyal neighborhood clientele.
The space features 650 sq ft on the ground-floor café plus a 954 sq ft fully built basement kitchen, offering ample prep, storage, and production capacity. The business is being offered as a lease assignment with competitive Ridgewood rent, making it an attractive opportunity for an owner-operator or hospitality group looking to step into a ready-to-run concept.
Included in the sale are a fully equipped kitchen, fixtures, and furnishings (excluding: mirrors, shelving and espresso grinder and drip), allowing for a seamless transition. The location also benefits from a renewable 4 AM liquor license, adding significant value and flexibility for expanded evening service.
Highlights:
- Key Money: $125,000
- Ground Floor Café: 650 SF
- Basement Kitchen: 954 SF
- Fully operational, turnkey café restaurant
- Lease assignment with competitive rent
- Renewable 4 AM liquor license
- Fully equipped kitchen and furnishings included
- Prime Ridgewood location with strong foot traffic
Ideal for a café operator, sandwich concept, or neighborhood restaurant seeking an established presence in one of Queens’ most vibrant dining corridors.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,024 SF
Building Class
C
Year Built
1925
Price
$170,367 CAD
Price Per SF
$56.34 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.28
Lot Size
0.03 AC
Zoning
R6B, C2-4 - Medium density residential with commercial
Frontage
22’ on Seneca Avenue
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (99)
Bike Score®
Very Bikeable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03431-0002 | Improvements Assessment | $49,012 CAD |
| Land Assessment | $6,094 CAD | Total Assessment | $55,107 CAD |
Property Taxes
Parcel Number
03431-0002
Land Assessment
$6,094 CAD
Improvements Assessment
$49,012 CAD
Total Assessment
$55,107 CAD
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Key Money Sale | 487 Seneca Ave
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