154 W Broadway - Restaurant FOR SALE


Port Jefferson, NY 11777
$1,900,000 USD
631-965-5424
154 W Broadway, Port Jefferson, NY for Sale
$1,900,000 USD
Restaurant - FOR SALE
1/33
null | Request Cap Rate

154 W Broadway
Port Jefferson, NY 11777


HIGHLIGHTS

  • Benefit from an 7032 SF building with over $1.5M invested in renovations and the sale including all furniture, fixtures, and equipment.
  • Port Jefferson Harbor is visited by hundreds of thousands of tourists yearly in addition to the locals in the area as well.
  • Bonus investment on ground level with 2 separate areas for additional income. Also a bonus area for endless possibilities such as event space rentals.
  • The property features monument signage, multiple points of ingress and egress, and parking for over 27 vehicles.
  • This property features a full bar with water front view from bar and dinning area.
  • This waterfront building is located 50 miles east of New York City.

OVERVIEW

This is a waterfront turnkey restaurant with bonus investment on first floor is located 50 miles east of New York City, combining beauty and history with its picturesque water views and a rich maritime heritage. Port Jefferson Harbor is one of the north shore’s top destinations for boaters in the northeast and one of Long Island’s two ports for access from Connecticut. The calm waters of the harbor along with a deep draft, provides transient boaters with easy access to many unique shops, specialty restaurants and year-round cultural activities, all within a short walk from the marina docks. Benefit from a 7022 SF building with over $1.5M invested in renovations and the sale including all furniture, fixtures, and equipment. The property features monument signage, multiple points of ingress and egress, parking for all vehicles, ADA accessibility, full bar with waterfront view from bar and dining area. Bonus investment on ground level with 2 separate areas for additional income. The village has given us a verbal approval to make the area downstairs into another food service area, ie pizza, bagels, deli. Also, a bonus area for endless possibilities such as event space rentals. Port Jefferson Harbor is visited by hundreds of thousands of tourists yearly in addition to the locals in the area as well. The maximum capacity for the upper-level restaurant is 120 persons. The average annual household income in Port Jefferson is $142,629, while the median household income sits at $117,579 per year. This property will be delivered vacant, allowing ample opportunity for businesses or investors. The owner is willing to do a note and is very willing to work with buyers. Sale includes all furniture and equipment currently there.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Restaurant WET

APN/PARCEL ID

0206-011-00-03-00-020-002

ASK ABOUT THIS PROPERTY

Crystal SolisGraceful RoseMore Info
631-965-5424

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Crystal SolisGraceful RoseMore Info
631-965-5424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.