2965 Veterans RdStaten Island, NY 10309

Property Details for 2965 Veterans Rd

Year built

2007

Lot size

0.54 AC

Property size (Sq ft)

26,843 SF

Zone code

M1-1

Property type

Super regional malls

APN

07511-0075

APU

75110075

Description

This exceptional 2,750 square foot restaurant space is situated in a prime, high-traffic shopping plaza on Staten Island's south shore. The property boasts existing restaurant/bar infrastructure, simplifying the setup for a new operator. A convenient separate loading entrance at the rear of the building ensures efficient deliveries and minimizes disruption to customer flow. Ample parking is readily available for patrons, and the location offers unparalleled accessibility to the expressway, providing a straightforward commute to New Jersey and throughout Staten Island. This single-tenant space is located at 2965 Veterans Road West, Staten Island, NY 10309, within Richmond County. The property's strategic location within a bustling shopping center guarantees high visibility and significant foot traffic, making it an ideal opportunity for a thriving restaurant business. The existing infrastructure reduces initial setup costs and allows for a quicker launch. The easy access to major roadways ensures convenient access for both customers and staff. This is a rare opportunity to establish a successful restaurant in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,523,786

  6.5%

  $6,021,956

  7%

  $5,591,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,838,412

  Geo Method

  $8,838,412

• Alternative Use

  Use

  Valuation

  Residential

  $5,079,746

  Hospitality

  $4,653,020

  Educational

  $3,871,258

  Medical

  $4,004,396

  Retail

  $6,021,956

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5275

Longitude

-74.2341

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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