Confidential Restaurant Opportunity

Confidential
Restaurant Opportunity
Sabre Investment Group
500 Old Country Road
Suite 101
Garden City NY 11530
T 516 874 8070 x 1522
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent
the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
INVESTMENT DESCRIPTION
Anchor restaurant and real estate opportunity on the vibrant
Nautical mile in Freeport. This restaurant holds three liquor licenses,
two indoor (one on each level) and one outdoor on the water. Travel
to this destination restaurant by car or by boat, the property comes
with over 10 boat slips, along with three separate parcels across the
street totaling 198 parking spots (more if you valet and stack).
The building has undergone over one million dollars in renovations,
including new kitchen, façade, elevator, outdoor bar, stone work, 3
zone sprinkler system, new ancel system, new HVAC units, new roof,
dredged canal (6ft deep at low tide accommodating large boats) and
new bulkhead; no expense has been spared.
The restaurant and the business are for sale or can be leased,
financials are available upon request. The sale of the property also
comes with a 1600 SF building across the street from the main
restaurant that has been used as a canteen to back up the catering
business on the second level of the main restaurant. The additional
building has a new kitchen and can be easily converted into a
restaurant with the opportunity to purchase the abutting lot to
satisfy parking. The 1600 SF building also has a 600SF apartment
above that produces a rent of $1500 a month. All of the parcels can
be sold as a package or separately.
PRICING
Asking Price:
$
2,750,000
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Property Characteristics
Building SF (main):
Building SF (canteen/APT):
Lot Dimensions:
Lot SF:
Approximate Floor Size:
Construction Type:
6,910
1,600
38,905
3,455
Concrete
Parcel #
2009-62-177-00-0004-0
2009-62-177-00-0007-0
2009-62-173-00-0262-0
2009-62-173-00-0312-0
2009-62-173-00-0314-0
Stories:
Zoning:
Parking Spaces:
Taxes:
HVAC:
Utilities:
Other:
Three
General Business
200
$63,700
Three new five ton units
Gas, public sewer
ten boat slips
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
Property Characteristics (18 Woodcleft Avenue)
Property Characteristics (23 Woodcleft Avenue)
Property Characteristics (Front Street)
Lot Dimensions:
Lot SF:
Construction Type:
Parcel #
Zoning:
Parking Spaces:
Taxes:
Lot Dimensions:
Lot SF:
Construction Type:
Parcel #
Zoning:
Parking Spaces:
Taxes:
Lot Dimensions:
Lot SF:
Construction Type:
Parcel #
Zoning:
Parking Spaces:
Taxes:
120' x 90'
10,800
Parking lot
2009-62-173-00-0312-0
general Business
67
$13,385
Property Characteristics (23 Woodcleft Avenue)
Building SF:
Lot Dimensions:
Lot SF:
Approximate Floor Size:
Construction Type:
Parcel #
Stories:
Zoning:
Parking Spaces:
Taxes:
HVAC:
Utilities:
6,910
60' x 65'
3,900
3,455
Concrete
2009-62-177-00-0004-0
Three
General Business
$22,444
Three new five ton units
Gas, public sewer
5,200
Parking lot
2009-62-177-00-0007-0
General Business
67
$3,747
80' x65'
11,805
Parking lot
2009-62-173-00-0262-0
General Business
67
$19,884
Property Characteristics (28 Woodcleft Avenue)
Building SF:
Lot Dimensions:
Lot SF:
Approximate Floor Size:
Construction Type:
Parcel #
Stories:
Zoning:
Parking Spaces:
Taxes:
HVAC:
Utilities:
Other:
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
1,600
80' x 90'
7,200
1,000 SF (first floor)
600 SF (second floor)
Concrete
2009-62-173-00-0314-0
Two
General Business
$14,240
One new five ton unit
Gas, public sewer
Second level apartment
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
THE NAUTICAL MILE
The Freeport Nautical Mile, operated by the Village of Freeport, is a
picturesque waterfront main street running along the Woodcleft Canal.
Waterside dining and an active nightlife draw tourists and locals alike to
enjoy this excellent representation of seaside living on Long Island. The
Freeport Nautical Mile gives residents and tourists of the South Shore of
Long Island in Nassau County the opportunity to escape the urban and
suburban drawl and to travel back to Long Island's maritime past.
Antique lighting shines over omenade style sidewalks wide enough to
accommodate the thousands of people who come out in the summer to
enjoy the night scene and the beautiful warm weather of spring and
summer. Party boats line up along Woofcleft Canal and set sail in the
evening, providing breathtaking views of the South Shore from the East
Bay and the Atlantic.
The Nautical Mile is one of the South Shore's best family friendly
attractions. The Crow's Nest Mini Golf course provides 18-holes of friendly
competition along the canal's edge. A four-acre waterfront park and
marina, called Sea Breeze is one of the most recent additions to the
Nautical Mile, and visitors to the Mile enjoy the many benches along the
boardwalk under antique-style lighting, looking out onto the water.
Additionally, visitors can enjoy eating at the many restaurants in the area,
or shopping at the stores and boutiques that line the canal.
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
RESTAURANTS DOWN THE NAUTICAL MILE
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
Vue by E.B. Elliot’s
Cleary’s by the Water
The Tides
Nautilus Caf é
Qube Waterfront Dining
Woodcleft Crab Shack
The Bamboo Bar & Grill
River House Grill
El Toro 28
Jeremy’s Ale House
Hurricane Harry’s
Otto’s Sea Grill
Rachel’s Waterside
Nawlins
Bracco’s Clam & Oyster Bar
Hudsons on the Mile
Paradise on the Mile
Tropix on the Mile
Tony Cuban
The Helm Bar & Grill
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
This investment opportunity is conveniently located for its tenants – on the corner of Woodcleft Avenue and Front Street in Freeport, NY. There are many
entertainment and dining spots down the Nautical Mile. There is easy access to Sunrise Highway where the Freeport LIRR Station is located. Major retailers in
the area include: Ralph’s Italian Ices, Carvel, CVS, Dunkin Donuts, 7-Eleven, and many more.
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
Demographics
1 mile
3 miles
5 miles
Population
19,066
133,557
352,552
Median HHI
$86,954
$100,370
$100,477
6,474
50,111
137,042
Daytime Population
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
1st FLOOR BAR / RESTAURANT
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
OUTDOOR BAR
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
OUTDOOR BAR & DINING
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
3rd FLOOR RESTAURANT / CATERING
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com
© Sabre Real Estate Group, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee,
warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or
future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your
satisfaction the suitability of the property for your needs.
For More Information about this listing:
516 874 8070 x1522 or investments@sabreny.com