Price Reduced 5.78%
Price History
$2,388,000
4/10/2024
$2,250,000
5/3/2024
370 Manor Lane, Riverhead, NY, 11901
2006
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!!!)
Status:
Active
Type:
Commercial
Units:
2
Zoning:
421 Restnt
Levels:
2
Acreage:
4
Est. Taxes:
$29,243
MLS #:
3543590
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of All Island Estates Realty Corp 516-783-5600