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154 W Broadway

9,032 SF Retail Building Port Jefferson, NY 11777 $2,300,000 ($255/SF)

Investment Highlights

  • Benefit from an 7032 SF building with over $1.5M invested in renovations and the sale including all furniture, fixtures, and equipment.
  • Bonus investment on ground level with 2 separate areas for additional income. Also a bonus area for endless possibilities such as event space rentals.
  • This property features a full bar with water front view from bar and dinning area.
  • Port Jefferson Harbor is visited by hundreds of thousands of tourists yearly in addition to the locals in the area as well.
  • The property features monument signage, multiple points of ingress and egress, and parking for over 27 vehicles.
  • This waterfront building is located 50 miles east of New York City.

Executive Summary

This is a waterfront turnkey restaurant with bonus investment on first floor is located 50 miles east of New York City, combining beauty and history with its picturesque water views and a rich maritime heritage. Port Jefferson Harbor is one of the north shore’s top destinations for boaters in the northeast and one of Long Island’s two ports for access from Connecticut. The calm waters of the harbor along with a deep draft, provides transient boaters with easy access to many unique shops, specialty restaurants and year-round cultural activities, all within a short walk from the marina docks.
Benefit from a 7022 SF building with over $1.5M invested in renovations and the sale including all furniture, fixtures, and equipment. The property features monument signage, multiple points of ingress and egress, parking for all vehicles, ADA accessibility, full bar with waterfront view from bar and dining area.
Bonus investment on ground level with 2 separate areas for additional income. The village has given us a verbal approval to make the area downstairs into another food service area, ie pizza, bagels, deli. Also, a bonus area for endless possibilities such as event space rentals.
Port Jefferson Harbor is visited by hundreds of thousands of tourists yearly in addition to the locals in the area as well.
The maximum capacity for the upper-level restaurant is 120 persons. The average annual household income in Port Jefferson is $142,629, while the median household income sits at $117,579 per year.
This property will be delivered vacant, allowing ample opportunity for businesses or investors. The owner is willing to do a note and is very willing to work with buyers. Sale includes all furniture and equipment currently there.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,032 SF
Building Class
C
Year Built
1955
Price
$2,300,000
Price Per SF
$255
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.56
Lot Size
0.37 AC
Zoning
Restaurant WET - The top level is zoned for restaurant WET and the ground floor office spaces.
Parking
50 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
116 FT on Broadway Rd

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Dime Community Bank
Starbucks
Chase Bank
  • Listing ID: 26740606

  • Date on Market: 9/29/2022

  • Last Updated:

  • Address: 154 W Broadway, Port Jefferson, NY 11777

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