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2647 Montauk Hwy 4,800 SF 100% Leased Retail Building Brookhaven, NY 11719 $1,950,000 ($406.25/SF)

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INVESTMENT HIGHLIGHTS

  • Highly Visible Location with 225 Ft of Frontage
  • 1,400 SF Outdoor Patio w/potential to expand
  • Potential to Seat 158 ppl +/-
  • 4,800 SF Restaurant Building
  • 700 SF Detached Storage Garage
  • Redevelopment Potential | Approval for Site Improvements in Place

EXECUTIVE SUMMARY

Introducing 2647 Montauk Highway, Brookhaven, New York. Turnkey Restaurant Property situated on heavily traveled Montauk Highway on 2.40 Acres and located within a NYS Opportunity Zone. This was a LONG-TIME established franchise restaurant location for over 20 years! This property includes a 4,800 SF restaurant with bar, 1,400 SF outdoor patio with bar, basement and a 700 SF Detached garage all situated on 2.40 acres. Ample parking for 100 plus vehicles. Highly visible location with 225 Feet of frontage on heavily traveled Montauk Highway. Low Property Taxes with current NYS Liquor License and Health Department certificate. Town has approved future proposed plans to increase the size of current patio, install new curbs, walkways, pave the lot, add additional exterior lighting, and more. Located just minutes from Sunrise Highway and William Floyd Parkway with easy access to the LIE and other major thoroughfares. Fifty-six year old Ground Round Grill & Bar Franchise also available for this location. Ideal for end user or investor. Redevelopment Possibilities! Also willing to discuss a long term Lease with qualified Tenant.. Please contact Rob for more details or to arrange a private showing. 631.872-2064

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Year Built
1987
Price
$1,950,000
Price Per SF
$406.25
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.05
Lot Size
2.40 AC
Opportunity Zone
Yes
Zoning
J2 - buildings with at least three dwelling units that are used as permanent residences. Buildings in this occupancy group are exempt from the requirements
Frontage
225’ on Montauk Highway

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0200-903-00-01-00-013-000
Land Assessment
$600
Improvements Assessment
$5,050
Total Assessment
$5,650
  • Listing ID: 29818238

  • Date on Market: 5/3/2023

  • Last Updated:

  • Address: 2647 Montauk Hwy, Brookhaven, NY 11719

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