Feb. 2, 2014 By Christian Murray
The former location of the M Wells diner and the adjacent sports bar is for sale.
The owner, who was about to open a new diner/sports bar at the site, decided recently that he didn’t want to go into the restaurant business. Therefore, he is has elected to sell or rent the 21-01 49th Ave. property, according to Jermain Miller, a real estate agent with Douglas Elliman, who is working on the deal.
The sports bar has been completely refurbished and has a liquor license. The sports bar is approx. 1800sf sports bar and could open next week.
Meanwhile, the metal diner, which M Wells was in until it closed in 2011, is about 80% completed. This space is about 900 sqf and it would probably would take another month or two to complete.
The asking price for the sports bar/diner combination (as well as the news stand by the No. 7 Hunters Point Ave. train station) is $5.250 million. The sports bar/diner lease would be $18,000 per month.
For more information, please click here.