SCARSDALE, NEW YORK
2,500 SF | 80 Seats | Fully Built-Out Kitchen | $69,000 Key Money
PRIME WESTCHESTER RESTAURANT OPPORTUNITY
A rare opportunity to acquire a beautifully renovated, fully built-out restaurant in one of Westchester County's most affluent and desirable communities.
Located in Scarsdale, New York, this approximately 2,500-square-foot restaurant offers an incoming operator the ability to step into an established restaurant environment with a thoughtfully designed dining room, approximately 80 seats, a substantial commercial kitchen, and the infrastructure necessary to support a high-volume food and beverage operation.
The opportunity is particularly compelling for an experienced restaurateur, hospitality group, chef-driven concept, or expanding regional operator seeking to establish a presence in the Scarsdale market without undertaking the substantial expense and lengthy timeline associated with building a restaurant from a raw retail space.
The restaurant has been recently renovated and presents with an upscale, contemporary atmosphere capable of accommodating a wide variety of concepts.
Key Money Asking Price: $69,000
A new lease can be negotiated directly with ownership at approximately $12,000 per month all-in, representing an attractive occupancy opportunity considering the restaurant's size, existing improvements, infrastructure, and location.
OPPORTUNITY AT A GLANCE
Location: Scarsdale, New York
County: Westchester County
Opportunity: Turnkey Restaurant / Key Money
Restaurant Size: ±2,500 SF
Seating Capacity: Approximately 80 Guests
Key Money: $69,000
Monthly Occupancy Cost: Approximately $12,000 All-In
Base Rent: Approximately $42 PSF/YR NNN
Condition: Recently Renovated
Kitchen: Full Commercial Kitchen
Lease: New Lease Negotiable with Ownership
Availability: Immediate / To Be Arranged
Concept: Suitable for a Variety of Restaurant & Hospitality Concepts
INVESTMENT HIGHLIGHTS
$69,000 TURNKEY ENTRY OPPORTUNITY
Restaurant construction can require significant upfront capital before an operator ever serves its first customer. This opportunity allows an incoming restaurateur to acquire an existing, substantially completed restaurant environment for only $69,000 in key money, potentially avoiding a major portion of the cost and time associated with creating a restaurant from scratch.
APPROXIMATELY 80-PERSON CAPACITY
The restaurant provides seating for approximately 80 guests, creating meaningful revenue capacity while maintaining an intimate, upscale dining environment.
±2,500 SQUARE FEET
An efficient restaurant footprint offering dining, kitchen, service, storage, and operational areas within approximately 2,500 square feet.
FULL COMMERCIAL KITCHEN
A spacious existing kitchen provides the infrastructure needed for serious food production and is suitable for high-volume restaurant service, takeout, delivery, catering, and other revenue channels.
RECENTLY RENOVATED
The premises have undergone significant improvements and offer an attractive, contemporary restaurant environment, allowing an incoming operator to focus capital on branding, menu development, staffing, and opening the business rather than undertaking a major construction project.
NEW LEASE AVAILABLE
A new lease can be negotiated directly with ownership, providing the incoming operator an opportunity to establish a long-term presence in the market.
AFFLUENT CUSTOMER BASE
Scarsdale is among Westchester County's most affluent residential communities and offers an exceptional demographic profile for upscale dining, premium casual concepts, specialty food operators, and hospitality businesses.
ESTABLISHED WESTCHESTER DINING MARKET
Westchester County supports a sophisticated restaurant culture ranging from neighborhood favorites and chef-driven restaurants to nationally recognized fine-dining establishments.
EXECUTIVE SUMMARY
This offering presents an unusual combination: a relatively low key-money requirement, an existing upscale restaurant buildout, meaningful seating capacity, a substantial kitchen, and a location within one of Westchester County's strongest demographic markets.
The approximately 2,500-square-foot restaurant has been designed to accommodate approximately 80 guests and features a commercial kitchen capable of supporting substantial food preparation and service.
For operators evaluating second-generation restaurant spaces, the economics can be particularly compelling.
Building a restaurant from a conventional retail shell can involve architectural and engineering expenses, permitting, plumbing, electrical service, HVAC improvements, fire and life-safety systems, kitchen construction, equipment, millwork, flooring, lighting, bathrooms, furniture, fixtures, signage, and months of construction before opening.
Here, much of the restaurant environment is already in place.
At an asking price of only $69,000 in key money, an incoming operator has the opportunity to acquire the benefit of the existing buildout and transition the premises into a new concept considerably more efficiently than starting from a raw space.
WHY SCARSDALE?
EXCEPTIONAL CONSUMER DEMOGRAPHICS
Scarsdale represents an unusually affluent consumer market.
According to U.S. Census Bureau data, Scarsdale's population is approximately 18,000 residents, with reported median household income exceeding $250,000 and per-capita income of approximately $188,274.
These income characteristics significantly exceed broader Westchester County, New York State, and national benchmarks and create an attractive underlying customer base for restaurant operators. Approximately one-third of Scarsdale's population is also under 18, highlighting the community's substantial family demographic.
The combination of household wealth, families, professionals, commuters, and established residential neighborhoods can support multiple dining occasions, including weekday lunches, family dining, takeout and delivery, date-night dining, celebrations, private events, and premium food and beverage concepts.
A DESTINATION FOR DINING & RETAIL
Scarsdale has established itself as a sophisticated Westchester shopping and dining destination, characterized by boutiques, restaurants, specialty retailers, professional services, and neighborhood-oriented businesses.
The Westchester County tourism organization specifically identifies Scarsdale for its high-end boutiques, shopping, and fine dining, reinforcing the community's positioning as a destination for discretionary consumer spending.
The Village of Scarsdale and Scarsdale Business Alliance have also developed Destination Scarsdale, an initiative specifically designed to strengthen Scarsdale as a destination for shopping, dining, wellness, and community activity.
Programs and community events are intended to encourage residents and visitors to shop and dine locally while generating additional activity for Village businesses.
Bryan Lanza
The Agency | Commercial Division
