927 Evergreen Walk, Ocean Beach, NY 11770
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.
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ATM Machine at Castaway Atm
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Castaway Bar & Grill Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.