$3,200,000

375 Beach 92nd Street, Rockaway Beach, NY 11693, US

Summary

Style: Mixed Use
Year Built: 1910

Moving Quotes

primary photo for 375 Beach 92nd Street, Rockaway Beach, NY 11693, US

Remarks

Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas. The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This is a rare opportunity to own waterfront property in a prime NYC attraction area.

This long-established restaurant is one of the busiest in the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills.

Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity, with a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!

Details

MLS#: 478127
Price: $3,200,000

Style: Mixed Use
Year Built: 1910

County: Queens
Lot Size: 5637
Tax Fee: 38297.00

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Broker Contact

RE/MAX Elite
8201 3rd Ave
Brooklyn, NY, 11209
US
! (718) 690-3900
! josephmadaio@remax.net
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Brooklyn New York Multiple Listing Service
Last updated: 2024-05-28T10:39:17.000-04:00.
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