Price Reduced 9.97%


Price History

$2,388,000
4/10/2024

$2,250,000
5/3/2024

$2,150,000
8/12/2024


370 Manor Lane, Riverhead, NY, 11901

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

Yelp



Listing courtesy of All Island Estates Realty Corp 516-783-5600