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878 Scarsdale Ave
Scarsdale, NY 10583

Rate Upon Request

Restaurant For Lease  •  4,880 SF

Property Details

  • Property Type Restaurant
  • Year Built 2003
  • Total Building Size 4,880 SF
  • Tenancy Single
  • Building Class C
  • Zoning Retail
100 Transit Score
80 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 4,880 SF Rate Upon Request
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.

  • Date available: 30 Days
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Space Type: Relet

Description

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

Highlights

Prime Scarsdale Avenue location with strong foot traffic
Affluent demographics with high disposable income customer base
Large professional kitchen with 18 ft hood and premium equipment
Beautiful open-concept design with white oak floors and custom finishes
Full bar buildout with 10-seat curved zinc bar and beverage program
Long-term lease in place (~7.5 years remaining + 10-year option)

Property Flyers

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Scarsdale Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 1 min 3 min 0.1 mi
Hartsdale Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 4 min - 1.8 mi
Transit/SubwayDriveWalkDistance
Scarsdale Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North)) 1 min 2 min 0.1 mi
AirportDriveWalkDistance
Westchester County 20 min - 11.5 mi
LaGuardia 35 min - 20.0 mi
John F Kennedy International 42 min - 27.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Bryan Lanza 914-262-2598 Christie's Commercial Real Estate Group
Bryan Lanza 914-262-2598 Christie's Commercial Real Estate Group