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    15 Grand Ave Shelter Island Heights, NY 11965

    Sponsored
    For Sale
    $3,200,000

    Historic waterfront restaurant/bar for sale.

    Property size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turn-key restaurant and bar opportunity is located at 15 Grand Ave, Shelter Island Heights, NY 11965. The property boasts a prime location, within walking distance of the North Ferry, offering picturesque water views and one of the best spots on Shelter Island. This two-story building encompasses 3,500 square feet and features both indoor and outdoor seating, accommodating up to 135 patrons. The established business includes a traditional bar and an open-air pizza kitchen. The asking price for this owner-user investment is $3,200,000. The property is a single-unit building, representing a unique opportunity to acquire a thriving year-round East End establishment in a stunning historical building. Financial details are available upon request and execution of a non-disclosure agreement. This is a rare chance to own a well-established business in a highly desirable location. The property is situated in Suffolk County and offers a unique blend of historical charm and modern amenities. The building's prime location and established clientele make this an attractive investment for experienced restaurateurs and entrepreneurs.

    Property Features for 15 Grand Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,500 SF

    Building Details

    Stories
    2
    Units
    1

    HighLights

    • Established East End restaurant and bar on Shelter Island.
    • Historic building.
    • Convenient North Ferry proximity.
    • Prime Shelter Island waterfront location with picturesque views.
    • Traditional bar design.
    • Outdoor pizza kitchen.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isola Italian Restaurant

    Suggested Use

    Law Firm Realty agency Hair Salon Wholesale Shop Spa & Massage Nail Salon Building Supply Pharmacy Skin Care Clinic Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelter Island Heights
    County
    Suffolk
    State
    New York
    Longitude
    -72.354746200981
    Latitude
    41.083293510679

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    FAQs

    What type of property is this?
    Restaurant - Historic waterfront restaurant/bar for sale.
    Where is this restaurant located?
    The property is located at 15 Grand Ave Shelter Island Heights, NY.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Established East End restaurant and bar on Shelter Island.; Historic building.; Convenient North Ferry proximity.
    Request Owner's contact information
    15 Grand Ave Shelter Island Heights, NY 11965
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    Shelter Island Heights, NY 11965
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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
    15 Grand Ave Shelter Island Heights, NY 11965
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