$2,800,000
375 Beach 92nd ST Rockaway Beach, NY 11693
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$2,800,000
Est. payment /mo
2,066 SqFt
Active
375 Beach 92nd ST Rockaway Beach, NY 11693
UPDATED:
11/22/2024 07:29 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $1,355
MLS Listing ID KEYL3516141
Originating Board onekey2
Rental Info No
Year Built 1910
Annual Tax Amount $38,297
Lot Dimensions 36x159
Property Description
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 long-established restaurant is one of the busiest on 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. This property also features a separate entrance to a newly renovated 2-bedroom, 2.5-bath apartment. The apartment includes heated radiant tiles, a gym room, a washer/dryer, and an alarm system for modern comfort. The primary bedroom boasts a spacious walk-in closet and a deck with breathtaking bay and Manhattan skyline views. A beautiful kitchen with upgraded stainless steel appliances adds to the appeal, while a den serves as an office and guest room. A half bath on the third floor further enhances convenience. Over $1.5 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!, Additional information: Business Located At:375 Beach 92nd Street, Rockaway, Building Size:21 ft x 48 ft
Location
State NY
County Queens
Interior
Heating Baseboard, Natural Gas, Other
Fireplace No
Exterior
Exterior Feature Dock
Amenities Available Powered Boats Allowed
Waterfront Description Beach Front,Ocean Front,Waterfront,Water Access
View Bridge(s), City, Panoramic, Water
Private Pool No
Building
Sewer Other
Others
Special Listing Condition None
Listed by RE/MAX Elite
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