302 Middle Rd, Blue Point, NY 11715-1904
This exceptional turnkey opportunity presents a thriving restaurant and marina business with accompanying real estate in the desirable Blue Point, New York location. The property boasts a 1,200 square foot single-story building situated on an expansive 11,761 square foot lot, offering ample space for both indoor and outdoor operations. Currently operating at 100% occupancy, the restaurant enjoys a prime waterfront location, just steps from a marina and the beach, contributing to its consistent success. Financial records reveal impressive weekly sales ranging from $75,000 to $85,000, generated from lunch and dinner service, typically concluding around 9:00 PM. This well-established restaurant has a rich history, having operated successfully for 96 years, building a strong reputation and loyal customer base. The sale includes not only the restaurant business but also two food trucks, further enhancing revenue streams. The asking price for this remarkable package is $4,250,000. Real estate taxes for the restaurant are $6,985 annually, and $6,746 for the marina. This is a rare chance to acquire a highly profitable, established business with significant growth potential in a prime waterfront location. The property's size and location make it an ideal investment for both seasoned restaurateurs and astute real estate investors seeking a unique and lucrative opportunity.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.