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    1610 Old Country Rd Westbury, NY 11590

    Sponsored
    For Lease
    $60 SF/Yr

    Established eatery, high traffic location.

    Lot size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving 1,600 square foot restaurant located at 1610 Old Country Road in Westbury, NY, presents a unique investment opportunity. Currently operating as a single-tenant establishment in Nassau County, this turnkey business boasts 60 indoor seats and additional outdoor café seating, capitalizing on its busy road frontage location. The attractive buildout includes a full liquor license, a significant asset for continued profitability. The monthly rent of $8,000 includes real estate taxes and common area maintenance (CAM) charges. Ample shared parking is available for patrons. The asking key money is $245,000. This well-established restaurant is situated in the 11590 zip code of Westbury, offering immediate access to a substantial customer base. The property's prime location and existing infrastructure provide a solid foundation for continued success and potential growth. This is an exceptional opportunity for an experienced restaurateur seeking a profitable, established business in a high-demand area. The combination of a strong location, existing clientele, and full liquor license makes this a truly compelling investment.

    Property Features for 1610 Old Country Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,600 SF

    Unit(s) available at that property

    Space
    Size
    1,600 SF
    Rate per SF
    $60

    HighLights

    • 1,600 SF restaurant in Westbury, NY (11590) on Old Country Road.
    • Turnkey operation with 60 indoor seats and outdoor patio seating.
    • Full liquor license included.
    • $8,000/month rent includes taxes and CAM; $245,000 key money.
    • Ample shared parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden Wok Chinese Restaurant Petelis Michael DO Doctor AVS Roofing And Siding Roofing Contractor FandoQ Persian Restaurant Mala Madre Taqueria Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.5886275
    Latitude
    40.7467931

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, high traffic location.
    Where is this restaurant located?
    The property is located at 1610 Old Country Rd Westbury, NY.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: 1,600 SF restaurant in Westbury, NY (11590) on Old Country Road.; Turnkey operation with 60 indoor seats and outdoor patio seating.; Full liquor license included.
    Request Owner's contact information
    1610 Old Country Rd Westbury, NY 11590
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    Westbury, NY 11590
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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
    1610 Old Country Rd Westbury, NY 11590
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