Property profile

15 Grand Ave Shelter Island Heights, NY 11965

OFF-MARKET
Retail properties & Spaces
3,500 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 3,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

15 Grand Ave Shelter Island Heights, NY 11965
Shelter Island Heights metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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