370 Manor Lane, Jamesport, NY 11947

6,681 SF | Retail Building | Jamesport, NY 11947 | $2,250,000 ($337/SF) | 19.85% Cap Rate

Asking Price $2,250,000

Property Type: Retail, Restaurant
Square Feet: 6,681 SF
Price / Square Foot: $337

Listing Contacts

Matthew Shane

Verified Profile

Property Info

Property Overview

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 Cuts, 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!!!)

Property Details

Class: C
Year Built/Renovated: 1947/2006
Stories: 2
Property Subtype: Grocery/Convenience Store, Freestanding
Lot Size (sq. ft): 164,657 SF

Highlights

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, +++!!!
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, +++!!!
This Property Offers HUGE Upside Potential!!!

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