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    927 Evergreen Walk Ocean Beach, NY 11770

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    For Sale
    Contact for pricing

    Turnkey Restaurant, High-Traffic Location

    Property size:
    5,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey restaurant opportunity is located at 927 Evergreen Walk in the highly sought-after Ocean Beach community on Fire Island, New York (zip code 11770). The property boasts a substantial 5,608 square feet of space, situated on a 0.16-acre lot. A recent, comprehensive renovation has resulted in a stunning interior and exterior, featuring high-end finishes, updated flooring, lighting, and fixtures throughout. The open-concept design comfortably accommodates a large number of guests, with indoor seating for 125 and a capacity of 280. Extensive outdoor seating adds another 43 seats and a capacity of 120, perfect for enjoying the vibrant Fire Island atmosphere. The restaurant also includes an expansive indoor bar equipped with large flat-screen televisions. Adding to the investment potential, the property includes four (4) income-producing apartments, each generating $8,000 in seasonal rental income. Its prime location on Evergreen Walk, a short distance from the ferry, ensures high visibility and accessibility for the thousands of visitors who frequent Ocean Beach during the spring and summer seasons. This is a rare chance to acquire a thriving, fully renovated restaurant in a prime location, making it an ideal investment for both seasoned restaurateurs and new entrepreneurs. The property's combination of a successful restaurant and lucrative rental apartments presents a unique opportunity for significant returns.

    Property Features for 927 Evergreen Walk

    General Information

    Property type
    Restaurants
    Square Feet
    5,608 SF
    Lot Size
    6,970 SF

    Building Details

    Units
    4

    HighLights

    • 5,600 SF turnkey restaurant, fully renovated.
    • Prime oceanfront location in Ocean Beach, Fire Island, steps from the ferry.
    • Features indoor and outdoor dining areas, plus a bar.
    • Seating for 168, capacity for 400.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Machine at Castaway Atm Castaway Bar & Grill Traditional American Restaurant

    Suggested Use

    Pet Store Pet Supply Store Breakfast Supermarket Farmer's Market Fish Market Steakhouse HVAC Service Electrical Service Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Beach
    County
    Suffolk
    State
    New York
    Longitude
    -73.155175
    Latitude
    40.64931

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High-Traffic Location
    Where is this restaurant located?
    The property is located at 927 Evergreen Walk Ocean Beach, NY.
    What are key features of this property?
    This property features: 5,600 SF turnkey restaurant, fully renovated.; Prime oceanfront location in Ocean Beach, Fire Island, steps from the ferry.; Features indoor and outdoor dining areas, plus a bar.
    Request Owner's contact information
    927 Evergreen Walk Ocean Beach, NY 11770
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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
    927 Evergreen Walk Ocean Beach, NY 11770
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