Overview
RIPCO Real Estate is exclusively marketing for sale a three-story, 2nd generation restaurant/bar located at 57-38 Myrtle Avenue in Ridgewood, Queens. This retail opportunity offers excellent visibility, high foot traffic, and proximity to major national retailers and local amenities. The building has been recently upgraded, including modern ADA-compliant restrooms on two levels, upgraded mechanical systems (400 amps, 2” gas, 1½” water), a new roof with a 20-year warranty, and the infrastructure for a commercial kitchen/restaurant.
The site is zoned C4-3A (R6A), which permits legal conversion to mixed-use, and currently provides approximately 1,155 SF of additional as-of-right air rights, offering future expansion, repositioning, or adaptive reuse upside. With excellent transit access—just minutes from the Myrtle–Wyckoff Avenues subway station (M & L lines) and several bus routes—the property is ideally positioned to draw from a wide customer base across Brooklyn, Queens, and Manhattan.
Please reach out to exclusive agents for additional information or for property inspections.
Investment Highlights
Prime Ridgewood Retail Location
Situated on bustling Myrtle Avenue, the property benefits from strong foot traffic, excellent visibility, and proximity to major national retailers and neighborhood amenities.
Recently Renovated Multi-Level Building with Significant Capital Upgrades
The building has undergone extensive recent upgrades, including modern ADA-compliant restrooms on two levels, upgraded mechanical systems (400 amps, 2” gas, 1” water), a roof with a 20-year warranty, and the infrastructure for a commercial kitchen/restaurant.
Zoning Flexibility & Future Potential
Zoned C4-3A (R6A), with ~1,155 SF of additional as-of-right air rights. Suitable for a long-term hold with upside potential from expansion or repositioning.
Excellent Transit Access via the M & L Subway Lines
The property is just minutes from the Myrtle–Wyckoff Avenues station, a major transit hub served by the M and L subway lines, providing direct access to Brooklyn, Manhattan, and Queens. Additional nearby bus routes further enhance connectivity.
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