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375 Beach 92nd Street, Rockaway Beach, NY 11693

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For Sale

$2,800,000

0.13 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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 is a rare opportunity to own waterfront property in a prime NYC attraction area. This long-established restaurant is one of the busiest in 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. Additionally, an upstairs unit has been renovated and is ready to be used as the owner desires. Over $1 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!
MLS# 478127

Courtesy Of RE/MAX Elite

(718) 690-3900

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Water Front
  • Architecture Style
    Other
  • Heating System
    Hot Water
  • Lot Size
    0.13 Acres

Map and Directions

Directions to 375 Beach 92nd Street, Rockaway Beach, NY 11693

Home seller CENTURY 21 Amiable Realty Group II

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Amiable Realty Group II

(718) 835-4700
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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