154 W Broadway - Restaurant FOR SALE


Port Jefferson, NY 11777
$1,950,000 USD
516-933-8880
154 W Broadway, Port Jefferson, NY for Sale
$1,950,000 USD
Restaurant - FOR SALE
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null | Request Cap Rate

154 W Broadway
Port Jefferson, NY 11777


HIGHLIGHTS

  • Freestanding building with fully equipped turnkey restaurant on second floor overlooking Port Jefferson Harbor
  • Ground floor retail/office spaces
  • On-site parking and adjacent municipal lot
  • Less than half a mile from Port Jefferson Ferry
  • On sewer

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 154 W Broadway, Port Jefferson, NY. The subject property is a 7,632 SF freestanding building situated on a 16,780 SF lot with 125 feet of frontage on Route 25A in the Village of Port Jefferson. The building includes a turnkey 3,962 SF restaurant on the second floor with lobby/coat check on the ground floor and ~320 SF of storage/stock room and walk-in box. The ground floor has an additional ~2,700 SF of retail/office space in unit 1 and ~600 SF of retail/office space in unit 2. The restaurant is fully equipped with all furniture, fixtures, and kitchen equipment and features a 110-seat dining room with full bar and commanding views of Port Jefferson Harbor. The property is on sewer and features 28 on-site parking spaces, with additional municipal parking adjacent to the building. The restaurant presents an opportunity to be in Port Jefferson's thriving downtown and entertainment district, less than half a mile from the marina and ferry terminal and located across the street from The Shipyard at Port Jefferson, a 112-unit luxury residential complex, and Overbay Apartments, a 52-unit luxury residential community. The property is an opportunity for an experienced restaurant and hospitality operator seeking to acquire a turnkey establishment with a substantial kitchen and significant capital improvements already completed.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,780 SF

ZONING

MW-1 (Marina Waterfront)

APN/PARCEL ID

0207-011-00-03-00-020-002

ASK ABOUT THIS PROPERTY

Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

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Jonathan WinzelbergRIPCO Real EstateMore Info
516-933-8880

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.