Property profile

177 Ocean Walk Fire Island, NY 11782

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional lease opportunity presents a 10,000 square foot restaurant space located at 177 Ocean Walk in the vibrant Cherry Grove community on Fire Island, New York. Situated in Suffolk County (zip code 11782), this single-tenant retail property offers unparalleled access to Fire Island's renowned beaches and bustling downtown area. Cherry Grove is celebrated for its welcoming atmosphere, exciting nightlife, and stunning natural beauty, attracting a diverse clientele. The property's prime location within this thriving resort town ensures high visibility and foot traffic. The surrounding area boasts a vibrant mix of restaurants, bars, and shops, creating a dynamic and energetic environment. Fire Island itself is a 31-mile-long barrier island just off the southern coast of Long Island, offering pristine beaches and a unique coastal lifestyle. This location is ideal for a restaurant seeking to capitalize on the significant tourist traffic and the strong local community. The property's size allows for a large-scale operation with ample space for dining, kitchen facilities, and potential expansion. This is a rare chance to establish a successful business in one of the most desirable locations on Fire Island. The property is easily accessible from New York City, making it a convenient destination for both locals and tourists. This presents a unique opportunity for a discerning restaurateur to establish a thriving business in a highly sought-after location.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

177 Ocean Walk Fire Island, NY 11782
Fire Island metro
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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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