307 Nelson AveStaten Island, NY 10308

Property Details for 307 Nelson Ave

Year built

1931

Lot size

0.05 AC

Property size (Sq ft)

1,180 SF

Zone code

R3-1

Property type

Drive through restaurants

APN

05208-0062

APU

52080062

Description

This exceptional Staten Island investment opportunity presents a 1,180 square foot commercial building situated on a 2,100 square foot lot at 307 Nelson Avenue, zip code 10308. The property, currently operating as a successful Japanese restaurant, boasts a high-end renovation, a fully equipped kitchen, ample storage, and freezer space. The building's dimensions are approximately 20x59 feet, with a similar-sized full basement adding significant potential. The 11-15 foot ceilings contribute to a spacious and inviting atmosphere. The current tenant operates under a triple net lease, paying $4,500 per month, yielding a 5% return on the asking price of $995,000. This bundle sale includes both the real estate and the established restaurant business, complete with a valuable liquor license. The property's prime location in Staten Island, New York, offers excellent visibility and accessibility. This is a rare chance to acquire a turnkey operation with strong existing income and significant upside potential. The property is classified as retail and office space, making it versatile for future uses. The building's solid construction and recent renovations ensure a long-term, profitable investment. Don't miss this opportunity to own a thriving business and valuable real estate in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $286,781

  6.5%

  $264,721

  7%

  $245,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $388,531

  Geo Method

  $388,531

• Alternative Use

  Use

  Valuation

  Residential

  $223,302

  Hospitality

  $204,544

  Educational

  $170,178

  Medical

  $176,031

  Retail

  $264,721

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5423

Longitude

-74.1453

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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