370 Manor Lane, Riverhead, NY

$2,250,000

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4.00

Acres

About 370 Manor Lane

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!!!)

Features of 370 Manor Lane

MLS® # 3543590
Price $2,250,000
Bathrooms 0.00
Acres 4.00
Year Built 2006
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 370 Manor Lane
City Riverhead
County Suffolk
State NY
Zip Code 11901

Additional Information

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Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2

Additional Information

Zoning 421 Restnt
Short Sale No
RE / Bank Owned No
Taxes (total) $29,243

Listing Details

OfficeAll Island Estates Realty Corp
Office Contact516-783-5600

Listing Map

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