Active
375 Beach 92nd Street
Rockaway Beach NY, 11693
$2,800,000
Active
Commercial
Calling all investors, restaurateurs, developers, and end users! Here's your chance to be your own landlord and invest in what you own. We present an extraordinary commercial property on the stunning Jamaica Bay shoreline in beautiful Rockaway Beach. Whether you're looking for a 100% turnkey operation to start making money right away or dreaming of exploring different culinary concepts, this is your canvas.The fully-equipped kitchen boasts multiple walk-ins, refrigeration units, proper hooding, and ventilation, along with multiple cooking stations. It's adaptable to suit any culinary style, making your restaurant vision come to life. Enjoy an outdoor deck, unbeatable location in the heart of the busiest area in Rockaway Beach, and proximity to transportation hubs. This long-established restaurant is one of the busiest on the Rockaway Peninsula, with a proven income-generating track record. It's a well-known destination for food, entertainment, and a hangout spot for both locals and tourists, ensuring year-round profitability. The property offers a waterfront view and pier access to the bay, opening up possibilities for water activity-related businesses like sunset dining cruises. A lease is already in place for a jet ski business, providing extra income. Plus, there's a solar generator in place to help save on utility bills. This property also features a separate entrance to a newly renovated 2-bedroom, 2.5-bath apartment. The apartment includes heated radiant tiles, a gym room, a washer/dryer, and an alarm system for modern comfort. The primary bedroom boasts a spacious walk-in closet and a deck with breathtaking bay and Manhattan skyline views. A beautiful kitchen with upgraded stainless steel appliances adds to the appeal, while a den serves as an office and guest room. A half bath on the third floor further enhances convenience. Over $1.5 million has been invested in both the property and the business, ensuring a fair price for this incredible opportunity. With a 5.8% cap rate, this investment is bound to make waves in your portfolio. Don't miss out on this chance to own a piece of Rockaway Beach's thriving culinary and waterfront scene. Secure your investment future today!
3516141
MLSⓇ ID
November 12, 2023
Listed
October 10, 2024
Updated
Map
375 Beach 92nd Street
Rockaway Beach NY, 11693
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Other Property Details
Garage
No
View
No
County
Queens
Municipality
Queens
Pool
No
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
6/21/2024 | Price change | $2,800,000 -13% |
5/28/2024 | Price change | $3,200,000 -18% |
4/11/2024 | Price change | $3,886,000 -30% |
Listed by Naruetai Tongsomboon with RE/MAX Elite
Listing Contact: 718-500-3077
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Revived Residential shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 7:20 PM UTC, 10/10/2024