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Property Description

Calling All Investors, Developers, End-Users & Restauranteurs!!! 6,600+ Sqft. Impeccable Restaurant / Event Venue On 4 Acres For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Indoor / Outdoor Seating, Full Commercial Kitchen, Full Basement, Showcase Gardens, 86 Parking Spaces, 2 Br. Apartment, Strong Zoning, Full Bar, Multiple Private Parking Lots, Strategically Placed Curb Cut, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Golf Club & Jason’s Vineyard!!! The Property Is Situated In Between The Long Island Sound & Peconic Bay On The Dimon Estate!!! Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Dunkin’, Walgreens, Bob’s Discount Furniture, Mattress Firm, HomeSense, Buffalo Wild Wings, Davis Visionworks, McDonald’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!

Income:

Restaurant / Event Venue: $480,000 Ann. (Available)

Pro Forma Gross Income: $480,000 Ann.

Expenses:

Insurance: $2,813 Ann.

Maintenance & Repairs: $250 Ann.

Water: $1,022 Ann.

Taxes: $29,243 Ann.

Total Expenses: $33,328 Ann.

Net Operating Income (NOI): $446,672 Ann. (Pro Forma 22.45 Cap!!!)

Address Map
City:
Riverhead
State:
NY
County:
Suffolk County
Directions:
Sound Ave to Manor Lane
Property and Construction
Agent MlsId:
176463
Office MlsId:
CBE01
Number Of Units:
2
Stories Total:
2
Tax Annual Amount:
$29,243
Zoning:
421 Restnt
PhotosCount:
36

Commercial Sale For Sale

370 Manor Lane, Riverhead, NY

174,420 Acre
$1,990,000
Listing ID #L3543590
Basic Details
Property Type :
Commercial Sale
Property SubType :
Business
Listing ID :
L3543590
Price :
$1,990,000
Bathrooms Total :
0
Building Area :
6,681 Sqft
Lot Area :
174,420 Acre
Year Built :
2006
Status :
Active
Status :
Active
Listing Office :
All Island Estates Realty Corp
Listing Agent :
Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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