370 Manor Lane, Jamesport, NY 11947 | 370 Manor Ln
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370 Manor Lane, Jamesport, NY 11947 370 Manor Ln
6,681 SF Retail Building Jamesport, NY 11947 $1,990,000 ($297.86/SF) 22.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers, End-Users & Restauranteurs!!! 6,600+ Sqft. Impeccable Restaurant / Event Venue On 4 Acres For Sale!!!
- The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Golf Club & Jason’s Vineyard!!!
- Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Dunkin’, Walgreens, +++!!!
- The Property Features Excellent Signage, Great Exposure, High Ceilings, Indoor/Outdoor Seating, Full Commercial Kitchen, Full Basement, +++!!!
- The Property Is Situated In Between The Long Island Sound & Peconic Bay On The Dimon Estate!!!
- This Property Offers HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers, End-Users & Restauranteurs!!! 6,600+ Sqft. Impeccable Restaurant / Event Venue On 4 Acres For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Indoor / Outdoor Seating, Full Commercial Kitchen, Full Basement, Showcase Gardens, 86 Parking Spaces, 2 Br. Apartment, Strong Zoning, Full Bar, Multiple Private Parking Lots, Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Golf Club & Jason’s Vineyard!!! The Property Is Situated In Between The Long Island Sound & Peconic Bay On The Dimon Estate!!! Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Dunkin’, Walgreens, Bob’s Discount Furniture, Mattress Firm, HomeSense, Buffalo Wild Wings, Davis Visionworks, McDonald’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
Restaurant / Event Venue: $480,000 Ann. (Available)
Pro Forma Gross Income: $480,000 Ann.
Expenses:
Insurance: $2,813 Ann.
Maintenance & Repairs: $250 Ann.
Water: $1,022 Ann.
Taxes: $29,243 Ann.
Total Expenses: $33,328 Ann.
Net Operating Income (NOI): $446,672 Ann. (Pro Forma 22.45 Cap!!!)
Income:
Restaurant / Event Venue: $480,000 Ann. (Available)
Pro Forma Gross Income: $480,000 Ann.
Expenses:
Insurance: $2,813 Ann.
Maintenance & Repairs: $250 Ann.
Water: $1,022 Ann.
Taxes: $29,243 Ann.
Total Expenses: $33,328 Ann.
Net Operating Income (NOI): $446,672 Ann. (Pro Forma 22.45 Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$480,000
|
$71.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$480,000
|
$71.85
|
| Taxes |
$29,243
|
$4.38
|
| Operating Expenses |
$4,085
|
$0.61
|
| Total Expenses |
$33,328
|
$4.99
|
| Net Operating Income |
$446,672
|
$66.86
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $480,000 |
| Annual Per SF | $71.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $480,000 |
| Annual Per SF | $71.85 |
| Taxes | |
|---|---|
| Annual | $29,243 |
| Annual Per SF | $4.38 |
| Operating Expenses | |
|---|---|
| Annual | $4,085 |
| Annual Per SF | $0.61 |
| Total Expenses | |
|---|---|
| Annual | $33,328 |
| Annual Per SF | $4.99 |
| Net Operating Income | |
|---|---|
| Annual | $446,672 |
| Annual Per SF | $66.86 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,681 SF
Building Class
C
Year Built/Renovated
1947/2006
Price
$1,990,000
Price Per SF
$297.86
Cap Rate
22.45%
NOI
$446,672
Tenancy
Single
Building Height
2 Stories
Building FAR
0.04
Lot Size
3.78 AC
Zoning
421 Restaurant
Parking
12.87 Spaces per 1,000 SF Leased
Frontage
297’ on Manor Lane
AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Fireplace
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0600-047-00-02-00-003-000 | Total Assessment | $149,200 (2023) |
| Land Assessment | $25,300 (2023) | Annual Taxes | $29,243 ($4.38/SF) |
| Improvements Assessment | $123,900 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0600-047-00-02-00-003-000
Land Assessment
$25,300 (2023)
Improvements Assessment
$123,900 (2023)
Total Assessment
$149,200 (2023)
Annual Taxes
$29,243 ($4.38/SF)
Tax Year
2024
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370 Manor Lane, Jamesport, NY 11947 | 370 Manor Ln
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