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Turnkey High-End Restaurant in Scarsdale, NY 878 Scarsdale Ave 4,880 SF of Retail Space Available in Scarsdale, NY 10583
Highlights
- Prime Scarsdale Avenue location with strong foot traffic
- Large professional kitchen with 18 ft hood and premium equipment
- Full bar buildout with 10-seat curved zinc bar and beverage program
- Affluent demographics with high disposable income customer base
- Beautiful open-concept design with white oak floors and custom finishes
- Long-term lease in place (~7.5 years remaining + 10-year option)
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,880 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Active Business. All inquiries must be coordinated through the listing broker. Kindly refrain from contacting staff or visiting the property without a confirmed appointment. An exceptional and rare opportunity to acquire a recently renovated, Michelin-caliber restaurant in the heart of Scarsdale’s premier dining corridor. With over $1.8 million invested into a full-scale, high-end buildout completed in 2023, this turnkey space represents one of the most thoughtfully designed restaurant environments to come to market in years—particularly in a trade area where availability is extremely limited. Strategically positioned along Scarsdale Avenue, this location benefits from affluent, dense demographics and consistent foot traffic driven by a highly educated and high-income consumer base. The restaurant is surrounded by luxury residential neighborhoods, boutique retail, and commuter traffic from the nearby Metro-North station, making it a destination for both local patrons and regional diners. The space was meticulously built to accommodate an upscale dining concept, featuring seating for approximately 120 guests including a beautifully integrated outdoor patio and side seating area. The interior showcases an elegant open-concept layout with engineered white oak flooring, custom lighting, sound-dampening ceilings, and a striking curved zinc bar with 10 plush leather seats—creating a warm yet sophisticated atmosphere consistent with top-tier dining establishments. The kitchen infrastructure is equally impressive, designed for high-volume, professional execution with a massive 18-foot hood system, a newly installed 1 million BTU gas line, and an extensive lineup of premium commercial-grade equipment including a Rational combi oven, multiple cooking lines, refrigeration systems, and prep stations. The lower level features fully renovated walk-in refrigerator and freezer systems (2023), upgraded mechanicals, new drainage systems, grease traps, and code-compliant improvements throughout. Additional features include a fully integrated bar program with draft systems and underbar refrigeration, a 350+ bottle dual-zone wine storage system, high-end coffee equipment, Sonos audio systems throughout, and full alarm and surveillance infrastructure. The lease offers approximately 7.5 years of remaining term with a 10-year renewal option, providing long-term operational stability in one of Westchester County’s most desirable and supply-constrained restaurant markets. Scarsdale continues to rank among the most affluent communities in the New York metropolitan area, with average household incomes exceeding $250,000 within a 1-mile radius and a strong culture of dining and hospitality. Opportunities to secure a fully built, high-end restaurant in this market—especially one designed to Michelin-level standards—are extraordinarily rare.
- High End Trophy Space
- Over $1.8M recent renovation – no expense spared,
- 120 +/- seat capacity including outdoor patio
- Large professional kitchen with 18 ft hood
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,880 SF | Gross Leasable Area | 4,880 SF |
| Property Type | Retail | Year Built/Renovated | 2003/2019 |
| Property Subtype | Restaurant | Parking Ratio | 0.82/1,000 SF |
| Total Space Available | 4,880 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,880 SF |
| Year Built/Renovated | 2003/2019 |
| Parking Ratio | 0.82/1,000 SF |
About the Property
An exceptional and rare opportunity to acquire a recently renovated, Michelin-caliber restaurant in the heart of Scarsdale’s premier dining corridor. With over $1.8 million invested into a full-scale, high-end buildout completed in 2023, this turnkey space represents one of the most thoughtfully designed restaurant environments to come to market in years—particularly in a trade area where availability is extremely limited. Strategically positioned along Scarsdale Avenue, this location benefits from affluent, dense demographics and consistent foot traffic driven by a highly educated and high-income consumer base. The restaurant is surrounded by luxury residential neighborhoods, boutique retail, and commuter traffic from the nearby Metro-North station, making it a destination for both local patrons and regional diners. The space was meticulously built to accommodate an upscale dining concept, featuring seating for approximately 120 guests including a beautifully integrated outdoor patio and side seating area. The interior showcases an elegant open-concept layout with engineered white oak flooring, custom lighting, sound-dampening ceilings, and a striking curved zinc bar with 10 plush leather seats—creating a warm yet sophisticated atmosphere consistent with top-tier dining establishments. The kitchen infrastructure is equally impressive, designed for high-volume, professional execution with a massive 18-foot hood system, a newly installed 1 million BTU gas line, and an extensive lineup of premium commercial-grade equipment including a Rational combi oven, multiple cooking lines, refrigeration systems, and prep stations. The lower level features fully renovated walk-in refrigerator and freezer systems (2023), upgraded mechanicals, new drainage systems, grease traps, and code-compliant improvements throughout. Additional features include a fully integrated bar program with draft systems and underbar refrigeration, a 350+ bottle dual-zone wine storage system, high-end coffee equipment, Sonos audio systems throughout, and full alarm and surveillance infrastructure. The lease offers approximately 7.5 years of remaining term with a 10-year renewal option, providing long-term operational stability in one of Westchester County’s most desirable and supply-constrained restaurant markets. Scarsdale continues to rank among the most affluent communities in the New York metropolitan area, with average household incomes exceeding $250,000 within a 1-mile radius and a strong culture of dining and hospitality. Opportunities to secure a fully built, high-end restaurant in this market—especially one designed to Michelin-level standards—are extraordinarily rare. Exceptional Restaurant Opportunity – Scarsdale, NY Turnkey | Recently Renovated | Michelin-Caliber Buildout Overview Rare opportunity to acquire a fully built, high-end restaurant in the heart of Scarsdale Over $1.8M invested into a complete renovation (2023) Designed and operated as a Michelin-level dining concept Located in one of Westchester County’s most affluent and supply-constrained markets Restaurant opportunities in this submarket are extremely limited Location Highlights Prime positioning on Scarsdale Avenue Walking distance to Metro-North train station Surrounded by: Affluent residential neighborhoods Boutique retail and dining Strong daytime and evening population Highly educated, high-income demographic base Demographics (Approximate) Average Household Income (1-mile): $250,000+ Median Home Values: $1M+ Strong dining culture with demand for upscale concepts Dense commuter-driven foot traffic Dining & Layout Seating for ~120 guests Indoor dining Outdoor patio + side seating Open-concept layout High-end finishes throughout: Engineered white oak flooring (French bleed, tooled edge) Custom lighting Sound-dampening ceiling Signature curved zinc bar 10 plush leather bar seats Bar & Beverage Program Fully built-out bar infrastructure including: Dual speed stations with ice bins & rinser systems Draft beer system (36” cooler) Back bar refrigeration (Everest units) Glass freezer & glass rack systems 350+ bottle dual-zone wine refrigeration system High-end coffee program: Eversys Super Automatic Espresso Machine FETCO commercial brewer Kitchen (Main Level) Massive 18-foot hood system 1 Million BTU brand new gas line Premium equipment package including: Rational Combi Oven 8-burner Vulcan range (286,000 BTU) 6-burner + griddle + salamander Double floor fryers Multiple prep refrigeration systems (True, Turbo Air, etc.) Fully upgraded stainless steel finishes Multiple hand sinks + 3-compartment sink Lower Level / Infrastructure Fully renovated basement (2023): Walk-in refrigerator (new build + compressor) Walk-in freezer (new systems) New floor drainage system with grease trap & ejector pump FRP walls – brought fully up to code Staff locker area (18 lockers) Mechanical & Systems New heated makeup air unit 3 new grease traps Full alarm & video surveillance system Integrated WiFi system Sonos sound system: Indoor + outdoor zones Lease Terms Approx. 7.5 years remaining 10-year renewal option Long-term stability in a high-barrier-to-entry market Investment Highlights True turnkey opportunity – no additional capex required Built to institutional / Michelin-level standards Ideal for: Established operators Celebrity chefs Hospitality groups expanding into Westchester Replacement cost far exceeds asking pricing Located in a high-income, high-demand dining market
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Turnkey High-End Restaurant in Scarsdale, NY | 878 Scarsdale Ave
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