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375 Beach 92nd Street, Rockaway Beach, NY 11693
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$2,800,000
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Home Details for 375 Beach 92nd Street
Price
$2,800,000
Type
Commercial/Industrial
Year Build
1910
County
Queens
Tax
$38,297
MLS®️ Listing#
L3516141
On exitrealty.com
295 days
Property Description
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 long-established restaurant is one of the busiest on 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. This property also features a separate entrance to a newly renovated 2-bedroom, 2.5-bath apartment. The apartment includes heated radiant tiles, a gym room, a washer/dryer, and an alarm system for modern comfort. The primary bedroom boasts a spacious walk-in closet and a deck with breathtaking bay and Manhattan skyline views. A beautiful kitchen with upgraded stainless steel appliances adds to the appeal, while a den serves as an office and guest room. A half bath on the third floor further enhances convenience. Over $1.5 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!, Additional information: Business Located At:375 Beach 92nd Street, Rockaway, Building Size:21 ft x 48 ft
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- Waterfront and Water Access
- Beach Front
- Ocean Front
- Waterfront
- Heating Information
- Baseboard
- Natural Gas
- Other
Listing Courtesy: RE/MAX Elite - 718-500-3077. Presented by: Naruetai Tongsomboon
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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