For Sale
$599,000

480 Suffolk Ave Brentwood, NY 11717

Profitable Established Business, High Traffic Area

Overview

Added:
Feb 3
Days on market:
84
This thriving pool hall and bar in Brentwood, NY, presents a unique investment opportunity. Located on busy Suffolk Avenue, this well-known establishment caters to a large customer base, benefiting from a substantial population exceeding 66,035 (2020 Census). The business boasts a completely renovated interior, featuring high ceilings, marble countertops, and ceramic flooring. Equipped with eight pool tables, a modern updated kitchen (with a new food license), a large 6x6 freezer, stainless steel oven, fryer, and salamander broiler, this venue is ready to expand its offerings. Included in the sale is approximately $250,000 worth of inventory. Ample parking is available for over 70 vehicles. The current owner, a couple, is selling due to time constraints. The property operates under a 5-year lease with taxes, water, and sewer included in the monthly rental payment. This business offers a compelling investment with an approximate cap rate of 24%. The high visibility location and established clientele make this a truly exceptional opportunity for a savvy investor. Don't miss this chance to acquire a profitable and well-regarded business in a densely populated area.

Property Details for 480 Suffolk Ave

Property type
Investment properties

Location Insight

City
Brentwood
County
Suffolk
State
New York
Latitude
40.77828
Longitude
-73.25675

FAQs

What type of property is this?
Investment property - Profitable Established Business, High Traffic Area
Where is the investment property located?
The property is located at 480 Suffolk Ave Brentwood, NY.
What is the asking price?
The asking price for this property is $599,000.
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480 Suffolk Ave
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