Active

370 Manor Lane

Riverhead NY, 11901

$2,388,000


Active

Commercial

Built in 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 Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Gold 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 18.71 Cap!!!)

3543590

MLS ID

April 10, 2024

Listed

April 25, 2024

Updated

Map

370 Manor Lane
Riverhead NY, 11901

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

4 Acres

Other Property Details

Taxes

$29,243


Tax Frequency

Annually


Garage

No


View

No


County

Suffolk


Municipality

Riverhead


Pool

No

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Robert Canberg Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:40 PM UTC, 4/25/2024

  

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