154 W Broadway

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 an 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 water front view from bar and dinning 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 anotherw food service area, ie pizzeAlso 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 uquipment currently there.

• Sale Type    Investment or Owner User
• Sale Condition    High Vacancy Property
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Storefront Retail/Office Office Office Residential Restaurant
• Building Size    9,032
• Building Class    C
• Year Built    1955
• Price    2,300,000
• Price Per SF    255
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    0.56
• Land Acres    0.37 AC

• Signage