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301B Bergen Avenue

W. Babylon, NY 11704
  • $500,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 3475420
UPDATED: 44 min ago
$500,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

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!!!)

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© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAteer & Will Estates | Keller Williams Realty. Data last updated: 2023-05-28T21:16:06.173.
www.mwestates.com/homes/139174566
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301B Bergen Avenue W. Babylon, NY 11704

  • Price: $500,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 44 min ago
  • MLS #: 3475420
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
Babylon
County:
Suffolk
Area:
Babylon
Property Description
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!!!)
Exterior Features

Business Parking Spaces 40

Property Features

Business Age 40 Business Name Gull Wallace Realty Corp Business Type Restaurant Cross Street West Montauk Hw Down Payment Resource YN No Operating Expense 29219.00 Property Sub Type Retail

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp: 516-783-5600
© 2023 OneKey MLS. All rights reserved.


© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAteer & Will Estates | Keller Williams Realty. Data last updated: 2023-05-28T21:16:06.173.
 
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McAteer & Will Estates | Keller Williams Realty
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