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Glen Cove Bar Restaurant For Sale/New Renovation/Leased To Established Restaurant Operator

Description

Just Renovated And Leased Bar Restaurant In Downtown Glen Cove. Long Term Lease In Place,Tenant Paying All Tax Increases Over Base Year Taxes. Rent Is $5000 A Month With 2.5% Rent Increases Each Year 5 Year Lease With 2-5 Year Options. Taxes Are $16,000 A Year. Building Has New Electric, Plumbing And Roof.

Features

Total Square Footage 2800
Lot Size 3750
Property Type Restaurant
Broker Name Joseph Lovaglio
Occupancy Rate 100%
Parking Street

Pricing

Price $735,000.00
Net Operating Income 41,000
Cap Ratio 6%
Commission Split 50%

Building Amenities

  • Security System
  • HVAC
  • Fire Protection System
  • Downtown Area

Exterior Amenities

  • Near Public Transit

Links

My Web Site


100 School St
Glen Cove NY 11542


JDS NORTH SHORE REALTY 37a Cedar Swamp Rd Glen Cove N.Y. 11542
JDS NORTHSHORE REALTY INC
37A Cedar Swamp Rd
Glen Cove NY 11542
 |  516-676-6400

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