NY
Suffolk
Riverhead
11901
370 Manor Lane
370 Manor Lane, Riverhead, NY 11901
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
36
$1,990,000

Home Details for 370 Manor Lane

Price
$1,990,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
2006
County
Suffolk
Garage
Days on site
91
MLS Listing#
L3543590
Listing Courtesy: All Island Estates Realty Corp - 516-783-5600
Property Description

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 22.45 Cap!!!)

Property Features
    . Presented by: Richard Matt Shane
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    EXIT REALTY ISLAND ELITE
    870 Love Lane, Mattituck, NY 11952
    Office
    631 937 5800
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