704 Bay StStaten Island, NY 10304

Property Details for 704 Bay St

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

2,940 SF

Zone code

R3-2

Property type

Investment properties

Property subtype

Live-work space

APN

00528-0048

APU

5280048

Description

This exceptional 1,000 square foot restaurant space, located at 704 Bay Street in Richmond County, presents a unique opportunity for a full-service establishment. The single-tenant property boasts a desirable ground floor layout, perfectly suited for immediate occupancy. The interior features two inviting dining rooms, creating a versatile space for various dining experiences. A fully operational full-service bar is included, complete with a valid liquor license, streamlining the setup process for prospective tenants. Two exterior three-season party tents provide additional seating and event space, expanding the capacity and appeal of the business. The kitchen is conveniently located on the ground floor, with a basement providing ample prep and storage areas, ensuring efficient workflow and inventory management. A long-term lease with favorable terms is available. The property is a single-story building, offering easy accessibility and functionality. Interested parties should inquire for a comprehensive list of included equipment. This turnkey operation is ideal for an experienced restaurateur looking to establish or expand their business in a thriving location. The property's prime location and comprehensive amenities make it an exceptional investment opportunity. The single-tenant occupancy ensures ease of management and control. This is a rare chance to acquire a fully equipped and licensed restaurant space ready for immediate operation. Don't miss this chance to secure a thriving business location.

• CAP approach

  CAP return

  Valuation

  6%

  $486,070

  6.5%

  $448,680

  7%

  $416,631

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,140

  Geo Method

  $384,140

• Alternative Use

  Use

  Valuation

  Residential

  $556,363

  Hospitality

  $509,626

  Educational

  $424,002

  Medical

  $438,585

  Retail

  $659,559

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6248

Longitude

-74.075

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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