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    116 Division St Patchogue, NY 11772

    Sponsored
    For Sale
    Contact for pricing

    Iconic waterfront restaurant, prime location.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000-square-foot restaurant in Patchogue, NY, presents a unique investment opportunity. Located at 116 Division St, this two-level establishment boasts stunning Patchogue River views and has been a thriving business for over 25 years, generating over $3.5 million in revenue in 2023. The property includes a newly renovated bar and lounge, a state-of-the-art kitchen, and ample seating for over 80 patrons outdoors. Four separate catering rooms are available, along with two bars perfect for live music. The property sits on a 2.07-acre lot zoned for Business and Industrial use and includes 50 boat slips generating an additional $90,000-$100,000 annually, plus a three-family house at 143 River Ave. that produces $50,000 in annual income. This prime location is adjacent to a proposed hotel site, offering significant future development potential. Ample parking is available. The current owner is open to a two-year sale/leaseback arrangement. This is a rare chance to acquire a well-established, high-revenue-generating waterfront property in the heart of Patchogue Village.

    Property Features for 116 Division St

    General Information

    Property type
    Restaurants
    Square Feet
    5,000 SF
    Lot Size
    90,169 SF

    HighLights

    • Prime Patchogue Village location.
    • Established business with 25+ years of operation.
    • 2023 business revenue approximately $3.5 million.
    • 50‑slip marina generating $90,000 - $100,000 annual income.
    • Three‑family house at 143 River Ave. producing $50,000 annual income.
    • Exceptional redevelopment opportunity on the riverfront.
    Property Profile Location Intelligence

    Current Use by Public Records

    Steeler Auto Transport Trucking Company Harbor Crab Co Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Patchogue
    County
    Suffolk
    State
    New York
    Longitude
    -73.0197259
    Latitude
    40.7605532

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    FAQs

    What type of property is this?
    Restaurant - Iconic waterfront restaurant, prime location.
    Where is this restaurant located?
    The property is located at 116 Division St Patchogue, NY.
    What are key features of this property?
    This property features: Prime Patchogue Village location.; Established business with 25+ years of operation.; 2023 business revenue approximately $3.5 million.
    Request Owner's contact information
    116 Division St Patchogue, NY 11772
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    Patchogue, NY 11772
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Division St Patchogue, NY 11772
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