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2925 N Wading River Rd

2,500 SF Retail Building Offered at $699,000 in Wading River, NY

Highlights

  • Well Established restaurant for decades, current owners have had it for 13 years
  • East End of Long Island Location
  • Large lot, residential Rental included

Investment Summary

Owner may hold note, sale includes a residential rental property that is currently rented . Please call Chris for all financial information 516-971-0380

The Offering

  • Listing ID: 17422044
  • Date Created: 10/10/2019
  • Last Updated:

ABOUT 2925 N Wading River Rd , Wading River, NY 11792

Amazing opportunity to own this well established East End restaurant located near wineries, farms, golf, beaches Parks and more Turn Key - ready to go. This location has been a restaurant for decades, most recently under Michael Anthony's Food Bar for 13+ years. An upscale dining experience. All financial information available upon request by serious buyers. Possible seller financing. All items included in sale, Easily expand business hours to tap tourists and locals. 2 kitchens, beautiful private outside patio, great bar. Everything shines with pride of ownership. 80+ seats, ample easy parking. Sale includes lot on Hill St with residential home currently rented.

Links

Financial Summary (Actual - 2018)

Annual Annual Per SF
Taxes $17,237 6.89
Operating Expenses - -
Total Expenses - -

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
2,404
8,949
24,530
2010 Population
2,351
9,079
23,942
2024 Population
2,404
8,886
24,539
Employees
147
3,137
6,453
Total Businesses
22
320
649
Average Household Income
$114,730
$138,243
$130,126
Median Household Income
$95,416
$116,129
$106,813
Total Consumer Spending
$29.62M
$114.58M
$311.6M
Median Age
45.1
44.7
46.1
Households
940
3,194
8,973
Percent College Degree or Above
16%
16%
15%
Average Housing Unit Value
$443,191
$463,271
$442,497

Major Tenant Information

Tenant SF Occupied Lease End Date
Michael Anthony's Food Bar -
Michael Anthony's Food Bar -

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Hulse Landing Rd 22nd St, NW 4,595 2018 1.00 mi
Sound Ave Fairway Ave, E 7,528 2018 1.32 mi
Sound Ave Peters Dr, W 15,589 2014 1.46 mi
N Wading River Rd Laurel Ct, SW 3,866 2015 1.52 mi
Sound Ave Wading River Manor Rd, W 15,555 2017 1.80 mi

Airport

Drive Distance
Long Island MacArthur Airport
42 min 27.7 mi
Walk Score ®
11
Car-Dependent
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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