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116 Division St 8,142 SF 100% Leased Retail Building Patchogue, NY 11772 $5,200,000 ($638.66/SF)
Investment Highlights
- Unique catering experience set on beautiful waters of the Patchogue River.
- Newly renovated bar and lounge, state of the art kitchen.
- Restaurant and Marina property features one of Long Island’s most spectacular waterfront views.
- Restaurant consists of two-levels with 80+ seats outdoors, two bars with live music, four separate catering rooms.
Executive Summary
Unique catering experience set on beautiful waters of the Patchogue River; This 5000 SF Restaurant and Marina property features one of Long Island’s most spectacular waterfront views. Newly renovated bar and lounge, state of the art kitchen. This 5000 +/- SF Restaurant consists of two-levels with 80+ seats outdoors, two bars with live music, four separate catering rooms. Additional Catering Boat w/ US Coast Guard approvals holds 125 people. Also comes with additional lot situated at 143 River Ave which is 3/4 acre +/-, 2 story house, 3 car garage & storage apartment. Currently has 5 tenants. Incredible Opportunity in the bustling Village of Patchogue.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,142 SF
Building Class
C
Year Built
1950
Price
$5,200,000
Price Per SF
$638.66
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.23 AC
Parking
75 Spaces (9.21 Spaces per 1,000 SF Leased)
Frontage
60’ on Division St
Amenities
- Commuter Rail
- Restaurant
- Waterfront
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0204-013-00-08-00-003-001 | Improvements Assessment | $6,350 |
| Land Assessment | $650 | Total Assessment | $7,000 |
Property Taxes
Parcel Number
0204-013-00-08-00-003-001
Land Assessment
$650
Improvements Assessment
$6,350
Total Assessment
$7,000
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116 Division St
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