Turnkey restaurant and bar opportunity located in the heart of Downtown Patchogue Village. Approximate 2,400 SF fully built-out establishment with occupancy for 64 persons. Features full commercial kitchen with oven, range, skillet, deep fryer, walk-in refrigerator, dishwasher, full bar with tap lines, and take-out window. All equipment is owned, approximately 3 years old, with no leased equipment. Sale includes all bar sinks, ice bins, refrigerators, tables, chairs, and dining room seating. Entertainment features include elevated DJ booth, high-end audio system with subwoofer, lighting system, and surveillance system. Excellent opportunity for nightlife, restaurant, lounge, or hospitality concept with additional income potential through ghost kitchen or sub-lease operation. Gas heat and central air conditioning with two 5-ton HVAC units approximately 9 years old. Lease consists of 1 year remaining with 10-year option. NNN lease structure with monthly rent of $6,800. Prime downtown location surrounded by restaurants, bars, shopping, entertainment, and LIRR access. Serious inquiries only.
Patchogue, NY, 11772
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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