301B Bergen Avenue Unit 1
West Babylon
NY,
11704
$450,000
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!!!)
Call Today:
516-783-5600,
(516) 279-8828,
516-279-8828,
or
Email: