503 Lake Ave - Freestanding FOR SALE


Saint James, NY 11780- St James
$675,000 USD
631-858-2460
503 Lake Ave, Saint James, NY for Sale
$675,000 USD
Freestanding - FOR SALE
1/10
null | Request Cap Rate

503 Lake Ave
Saint James, NY 11780
St James


HIGHLIGHTS

  • Former home of Garguilo’s Bakery, a long-standing and highly regarded St. James institution with deep community recognition
  • Delivered with all existing equipment, fixtures, and furniture in place, offering a fully turnkey opportunity for a bakery, café, or food service
  • Prominent corner location across from the train station with a 2,467 square foot main building, full basement, & additional storage structure

OVERVIEW

This property is the former home to long established Garguilo's Bakery, a staple in the town of St. James. This listing offers a rare commercial opportunity in a highly visible and well-traveled location at the prime corner of Lake Avenue and Railroad Avenue, directly across from the train station. The site includes a 2,467 square foot main building with a full basement featuring 8-foot ceilings, plus an additional 414 square foot storage building. The main level offers 9-foot ceilings, hardwood flooring, central air conditioning, steam radiators, gas heat, and three phase electric service with four hundred amps. The lower level provides approximately 2,400 square feet of usable space, ideal for storage, prep, or operational support. The building sits on a quarter acre lot totaling 10,890 square feet and was constructed in 1963 with masonry concrete block construction, brick siding, and a flat roof. Utilities include community water and private septic. The property features one half bath, 14 on-site parking spaces, and handicap accessible elements. This location benefits from strong visibility, steady foot and vehicle traffic, and immediate access to transportation. This is an excellent opportunity for an owner user or investor seeking a well-located commercial building with existing restaurant approvals and flexible potential for redevelopment or continued commercial use.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CB

APN/PARCEL ID

0800-056-00-02-00-001-000

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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