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    OFF-MARKET
    Retail properties & Spaces

    15 Grand Ave, Shelter Island Heights, NY 11965

    3,500 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isola Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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