Property profile

302 Middle Rd Blue Point, NY 11715

OFF-MARKET
Drive through restaurants
Property ID
US63-0641505
0.27 ac lot
Entity Owned 24-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Lot 0.27 ac (11,761 SF)
APN 0200-983.70-04.00-018.000
UPID US63-0641505

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
  • Take-out & Catering
  • Atm

Location

302 Middle Rd Blue Point, NY 11715-1904
Blue Point metro Census 158802 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

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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