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$ 1,990,000
Est. payment /mo
Price Dropped by $160K
370 Manor LN Riverhead, NY 11901
UPDATED:
01/29/2025 04:30 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3543590
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 2006
Annual Tax Amount $29,243
Lot Dimensions 299x560
Property Sub-Type Business
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!!!)
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!!!)
Location
State NY
County Suffolk County
Interior
Fireplace No
Exterior
Total Parking Spaces 86
Private Pool No
Building
Story 2
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp