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    OFF-MARKET
    Retail properties & Spaces

    927 Evergreen Walk, Ocean Beach, NY 11770

    5,608 SF 0.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 5,608 SF
    Lot 0.16 ac (6,970 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ATM Machine at Castaway Atm
    • Castaway Bar & Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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