Turnkey Restaurant Opportunity Near
503 Lake Ave, Saint James, NY 11780
Call to check price and availability
Well-located commercial building with restaurant approvals and redevelopment potential.
Type:Retail
Property size:
2,467 SFLot size:
0.25 AcresPrice / SF:
$273/SF- Added:
- Feb 14, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 503 Lake Ave
General Information
- Standard status
- Active
- Size
- 2,467 SF
- Lot size
- 0.25 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing agent Michael Murphy License #NY 10491211076
Listing office Douglas Elliman Commercial Division (631) 858-2405
Listing date Feb 14, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Commercial Division
HighLights
- Prime corner location at Lake Avenue and Railroad Avenue, directly across from the train station, offering high visibility and traffic.
- Existing approvals for an 80‑seat restaurant, providing immediate potential for food service operation.
- Full turnkey bakery setup with all equipment, furniture, and fixtures in place.
- 2,467 square foot main building with a full 2,400 square foot basement featuring 8‑foot ceilings, plus an additional 414 square foot storage building.
- 14 on‑site parking spaces and handicap accessible elements.
- Three‑phase electric service with four hundred amps.
Overview
This property, formerly Garguilo's Bakery, presents a commercial opportunity in a visible location at the corner of Lake Avenue and Railroad Avenue, directly across from the train station. The site includes a 2,467 square foot main building with a full basement featuring 8-foot ceilings, plus an additional 414 square foot storage building. The property has existing approvals for an 80-seat restaurant, creating potential for food service, retail, or other commercial uses. The main level offers 9-foot ceilings, hardwood flooring, central air conditioning, steam radiators, gas heat, and three phase electric service with four hundred amps. The lower level provides approximately 2,400 square feet of usable space, ideal for storage, prep, or operational support. Constructed in 1963, the building features masonry concrete block construction, brick siding, and a flat roof. The building sits on a quarter acre lot totaling 10,890 square feet. Utilities include community water and private septic. The property features one half bath, 14 on-site parking spaces, and handicap accessible elements. This location benefits from visibility, foot and vehicle traffic, and access to transportation. This is an excellent opportunity for an owner user or investor seeking a well-located commercial building.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Garguilos Bakery
Bakery
Location Insight
- Map
- Local Demand
- City
- Saint James
- County
- Suffolk
- State
- New York
- Longitude
- -73.157578
- Latitude
- 40.884633
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Well-located commercial building with restaurant approvals and redevelopment potential.
Where is this conventional restaurant located?
The property is located at 503 Lake Ave Saint James, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime corner location at Lake Avenue and Railroad Avenue, directly across from the train station, offering high visibility and traffic.; Existing approvals for an 80‑seat restaurant, providing immediate potential for food service operation.; Full turnkey bakery setup with all equipment, furniture, and fixtures in place.
