$2,150,000
( )
 $11,542 est/mo Sourced by Back At You

370 Manor Lane , Riverhead, NY 11901

Riverhead, NY 11901

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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 19.85 Cap!!!)

Details

MLS#3543590
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year2006
Days On Site158
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

Story(s)2
Units2
Zoning421 Restnt
Acreage4.00

Market Activity 11901

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.

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Learn More About This Property

StateNY
CountySuffolk
CityRiverhead
Zip Code11901
Subarea30
Listing VS Median (in 11901)
Price:
$2,150,000
low | high
Med:
$457,450
100% of Average
On Site:
158
low | high
Med:
58.000000
100% of Average
Sourced by Back At You
Listing Updated: September 14, 2024 at 7:33:16 AM PDT