28-50 31st Street

28-50 31st Street presents an opportunity to acquire a restaurant property positioned along Astoria's established 31st Street retail corridor. The property consists of a two-story building with a legal cellar and is currently configured with existing restaurant and hospitality infrastructure, including dining, bar, service, and customer areas, along with a full legal cellar kitchen. This existing layout provides a foundation for continued food and beverage operations while also supporting future repositioning opportunities permitted by the property's zoning.Located within one of Astoria's most active commercial corridors, the property benefits from neighborhood visibility and convenient access to public transportation. The site is situated just steps from the N and W subway lines, providing connectivity throughout Queens and Manhattan. The surrounding corridor is characterized by a concentration of restaurants, retailers, and neighborhood-serving businesses that contribute to consistent pedestrian activity and local consumer demand. In addition to its existing operational infrastructure, the property offers long-term redevelopment potential through its C4-4A zoning designation and stated buildable area. The combination of an existing hospitality configuration, transit accessibility, corridor exposure, and future development capacity creates flexibility for investors, owner-users, and hospitality operators seeking a presence in Astoria. Whether continued as a restaurant asset or evaluated for future redevelopment strategies, the property offers a blend of current utility and future optionality within a well-established Queens location.