Property summary
This exceptional offering presents two adjacent waterfront properties in Eastport, NY, totaling 7,500 net rentable square feet on approximately 1.5 acres. 56 S Bay Ave houses a renowned restaurant with 90 legal seats, 15 boat slips, and 2,500 square feet of indoor space plus 500 square feet of waterfront decking. Its prime location on Moriches Bay, ample parking, and fine American-Continental cuisine have established a loyal following. Directly adjacent, 58 S Bay Ave features a stunning 4,900 square foot event hall with 120 legal seats, vaulted ceilings, panoramic waterfront views, and 800 square feet of decking. This versatile space, complete with private rooms, an elevator, and a full commercial kitchen, is ideal for weddings, private parties, and other large-scale events. Both properties boast high-end mechanical systems, ample storage, and are fully turnkey, ready for immediate operation. The combined annual town taxes are $59,166.14. The properties are zoned for Resort Business use and are available for occupancy on January 16, 2024. The asking price for this unique opportunity is $6,875,000. Tax ID numbers are 473689 365.000-0001-013.000 and 473689 365.000-0001-020.001. Nearby establishments include Remsenburg Marina, Eastport Music Scene, and several local businesses.
Property profile
VerifiedCap rate & NOI
Current use
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Wedding Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
RWB · Eastport, NYZoning
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Zoning designation
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