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Key Details
Sold Price $450,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $160
MLS Listing ID L3475420
Year Built 1978
Property Description
Calling All Investors, Developers, End-Users & Restauranteurs!!! 10.65 Cap Waterfront Restaurant With 34 Boat Slips For Sale For Sale!!!The Property Features Excellent Signage, Great Exposure, High 18' Ceilings, 59 Indoor Seats, 98 Outdoor Seats, 15 Seats In The 3 Season Room, 40 Parking Spaces, 240+ Feet Of Waterfront, 34 Boat Slips, Strong Zoning, 2 Private Parking Lots, 2 Bars, 5 Strategiccally Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Has A BRAND NEW Bulkhead Completed In 2023!!! The Property Is Located In The Heart Of West Babylon On Beautiful Bergen Point!!! The Property Is Currently Home To A Successful Restaurant That Does Over $1 Million Gross Per Year With High Profit Margins!!! Neighbors Include Starbucks, Honda, Stop & Shop, CVS, 7-Eleven, Panera Bread, AutoZone, PetSmart, McDonald's, Taco Bell, Marshall's, DSW Shoe Warehouse, Old Navy, Aldi, L.A. Fitness, Five Below, Burger King, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Restaurant: $120,000 Ann. (Available) Boat Slip Rentals: $106,250 Ann. ($125 Per Foot) Gross Income: $226,250 Ann. Expenses: Insurance: $2,813 Ann. Maintenance & Repairs: $250 Ann. Taxes: $26,156 Ann. Total Expenses: $29,219 Ann. Net Operating Income (NOI): $197,031 Ann. (Proforma 10.65 Cap!!!), Additional information: Business Located At:301 Bergen Ave West Babylon, NY, Building Size:2800 SF
Location
State NY
County Suffolk County
Exterior
Waterfront Description Waterfront
Building
Story 1
Others
Special Listing Condition None
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Bought with Century 21 AA Realty