1. New York
  2. Riverhead
  3. 370 Manor Lane
$1,990,000

370 Manor Lane, Riverhead, NY 11901

  • 6,681 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2006
  • Property Lot Size Icon4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $298/sqft
  • Property List Date Icon Listed 1 year ago

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!!!)

Listing Status:
Pending
Listing Office:
All Island Estates Realty Corp : 516-783-5600
MLS ID:
L3543590

This listing courtesy of All Island Estates Realty Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Aquebogue Elementary School

499 Main Rd, Aquebogue, NY, 11931

Grades KG-4

2.30 miles away

R

Riverhead Middle School

600 Harrison Ave, Riverhead, NY, 11901

Grades 7-8

5.06 miles away

R

Riverhead Senior High School

700 Harrison Ave, Riverhead, NY, 11901

Grades 9-12

5.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.