Turnkey Restaurant Business For
For Sale
$290,000
Pending
2757 Long Beach Rd, Oceanside, NY 11572
Turnkey restaurant with liquor license, seating, and high visibility.
Property Size1,287 SF
Lot Size0.10 Acres
Days on Market265
Property Features for 2757 Long Beach Rd
General Information
Standard status
Pending
Size
1,287 SF
Lot size
0.10 Acres
Property subtype
Other
Building Details
Building Size
1,287 SF
Year Built
1926
Stories
1
Listing Agency:
NY SPACE FINDERS INC
(516) 840-8029
Listed By:
Giuseppe Gregorio · License #10301214544
(516) 840-8029
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 20 at 8:40AM
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 NY SPACE FINDERS INC
Investment Insights
Based on property information with market context.
A turnkey restaurant business is available for purchase at 2757 Long Beach Road, Oceanside, NY. The restaurant features a dining room with 40 seats, a 12-seat bar with a liquor license, and outdoor seating. The open-concept kitchen includes two 6-burner gas stovetops, a convection oven, and a regular oven. A 1,200 sq ft basement provides a walk-in box and storage space. The property has central HVAC. The current lease extends through 2039. Located on a corner lot with adjacent free municipal parking, the site benefits from high visibility on Long Beach Road, which has a traffic volume of up to 36,000 vehicles per day.
Key Highlights
- Turnkey restaurant business with all equipment included
- Liquor license included with a 12‑seat bar
- Long‑term lease through 2039, providing stability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,720
$509.7K
Cap Rate 7%
$364,086
$364.1K
Cap Rate 9%
$283,178
$283.2K
Market Conditions
NOI Build-Up for 1,287 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.6K $30.00/SF
− Vacancy
−$2.2K −$1.71/SF
EGI
$36.4K $28.29/SF
− OpEx
−$10.9K −$8.49/SF
NOI
$25.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,720
Cap Rate 7%
$364,086
Cap Rate 9%
$283,178
Alternative Uses
Best Use
Specialty Retail
$850.9K
$744.6K – $992.8K
NOI $59,566 @ 7.0% cap · market cap 20.54%
Second Best
Retail
$364.1K
$318.6K – $424.8K
NOI $25,486 @ 7.0% cap · market cap 8.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11572, NY
31,157
Population
10,811
Households
2.9
Avg Household Size
44
Median Age
48%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
6,491
Density / Sq Mi
$144,419
Median Household Income
$61,627
Median Earnings
$2,118
Median Rent
$627,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Farmer Joel's — 177 Davison Ave, Oceanside, NY 11572
- Lenox and Park Italian Bistro — 41 S Park Ave, Rockville Centre, NY 11570
- Kombert Caterers Inc — 3050 Oceanside Rd, Oceanside, NY 11572
Frequently Asked Questions
What type of property is this?
Restaurant - Turnkey restaurant with liquor license, seating, and high visibility.
Where is this restaurant located?
The property is located at 2757 Long Beach Rd Oceanside, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Turnkey restaurant business with all equipment included; Liquor license included with a **12‑seat bar**; Long‑term lease through 2039, providing stability
