Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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