Turnkey Restaurant and
For Sale
Contact for pricing
420 N Country Rd, Saint James, NY 11780
Fully built-out restaurant and bar with real estate included.
Property Size6,000 SF
Lot Size0.60 Acres
Price / SF$500
Days on Market197
Property Features for 420 N Country Rd
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.60 Acres
Property subtype
Retail
Zoning
Central Business (CB)
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Melville, New York
(631) 425-1216
Listed By:
Daniel Abbondandolo · License #NY 10401239548
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 12 at 9:11AM
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 Cushman & Wakefield - Melville, New York
Investment Insights
Based on property information with market context.
The property at 420 N Country Road, St James, presents a fully built-out restaurant and bar. This offering includes the fee-simple real estate and all FF&E. The single-story freestanding building has approximately 6,000 SF and is situated on a 0.60-acre parcel. There are 25 on-site parking spaces. The property fronts NY-25A in St. James, New York. It has been recently renovated and meticulously maintained. The property provides a turnkey restaurant platform, with all kitchen, bar, and back-of-house infrastructure included. Located one mile from the St. James LIRR station and surrounded by affluent residential neighborhoods and limited competing supply, the property benefits from strong local demand and long-term barriers to entry. Zoned Central Business (CB), the asset supports continued operations or concept rebranding. The offering includes all components required for uninterrupted operations, including commercial kitchen equipment, bar build-out and service infrastructure, dining room furniture and fixtures, POS systems, back-of-house equipment and storage, and mechanical, electrical, and operational systems. The buyer will acquire a fully functioning restaurant facility, enabling immediate operational continuity or seamless transition to a new concept.
Key Highlights
- Turnkey restaurant and bar offered as a complete package including real estate and all FF&E.
- Boasts a ±6,000 SF freestanding building on 0.60 acres with 25 parking spaces, fronting NY‑25A.
- Recently renovated and meticulously maintained.
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
$109,095
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
3.64%
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%
$2,181,900
$2.2M
Cap Rate 7%
$1,558,500
$1.6M
Cap Rate 9%
$1,212,167
$1.2M
Market Conditions
NOI Build-Up for 6,000 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
$156.2K $26.04/SF
− Vacancy
−$10.8K −$1.80/SF
EGI
$145.5K $24.24/SF
− OpEx
−$36.4K −$6.06/SF
NOI
$109.1K $18.18/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,181,900
Cap Rate 7%
$1,558,500
Cap Rate 9%
$1,212,167
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,095 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,951 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
14,122 visits/mo
0.1 miles
Demographics for 11780, NY
15,508
Population
5,907
Households
2.6
Avg Household Size
48
Median Age
52%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
1,349
Density / Sq Mi
$141,576
Median Household Income
$72,287
Median Earnings
$2,322
Median Rent
$702,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out restaurant and bar with real estate included.
Where is this conventional restaurant located?
The property is located at 420 N Country Rd Saint James, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Turnkey restaurant and bar offered as a complete package including real estate and all FF&E.; Boasts a ±6,000 SF freestanding building on 0.60 acres with 25 parking spaces, fronting NY‑25A.; Recently renovated and meticulously maintained.
