Restaurant Property with Hospitality
147 South Wellwood Avenue, Lindenhurst, NY 11757
For Sale
Contact for pricing
A downtown village setting places the existing food-and-beverage layout near the LIRR station and local dining and service businesses.
Property Size8,500 SF
Lot Size0.11 Acres
Price / SF$529.41
Days on Market32
Property Features for 147 South Wellwood Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Listing Agency:
Sligo Strategies
Listed By:
John Murray · License #1040136338
Source:
Crexi
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 4:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sligo Strategies
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Investment Insights
Based on property information with market context.
This 8,500-square-foot restaurant property occupies a 4,925-square-foot parcel in Lindenhurst. Its existing hospitality build-out provides a restaurant-oriented configuration, and the property is zoned BU. The layout also supports catering and entertainment uses, as described in the property information.
At 147 South Wellwood Avenue, the property is in Lindenhurst’s village center, near established restaurants, daily-service retailers, civic destinations, and the LIRR station. The address is on South Wellwood Avenue, within a corridor experiencing public reinvestment.
The trade area includes 44,831 residents within one mile, with median household income of $133,537. Within three miles, the population is 156,680.
At 147 South Wellwood Avenue, the property is in Lindenhurst’s village center, near established restaurants, daily-service retailers, civic destinations, and the LIRR station. The address is on South Wellwood Avenue, within a corridor experiencing public reinvestment.
The trade area includes 44,831 residents within one mile, with median household income of $133,537. Within three miles, the population is 156,680.
Key Highlights
- 8,500‑square‑foot restaurant property on a 4,925‑square‑foot parcel
- BU zoning
- Existing hospitality build‑out supports restaurant, catering, or entertainment use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,184
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,323,680
$3.3M
Cap Rate 7%
$2,374,057
$2.4M
Cap Rate 9%
$1,846,489
$1.8M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$255.0K $30.00/SF
− Vacancy
−$17.6K −$2.07/SF
EGI
$237.4K $27.93/SF
− OpEx
−$71.2K −$8.38/SF
NOI
$166.2K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,323,680
Cap Rate 7%
$2,374,057
Cap Rate 9%
$1,846,489
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,184 @ 7.0% cap · market cap 3.69%
Second Best
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,551 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,265 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Suffolk County, NY
Properties on Market for Conventional restaurants in Suffolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A downtown village setting places the existing food-and-beverage layout near the LIRR station and local dining and service businesses.
Where is this conventional restaurant located?
The property is located at 147 South Wellwood Avenue Lindenhurst, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 8,500‑square‑foot restaurant property on a 4,925‑square‑foot parcel; BU zoning; Existing hospitality build‑out supports restaurant, catering, or entertainment use
