**Prime Commercial Real Estate for Sale - Turnkey Restaurant Opportunity** This established freestanding restaurant, operational for over 50 years, offers a rare opportunity to own a highly functional property in a bustling Suffolk County location. Situated on **two lots totaling . 54 acres**, the property boasts **96-person capacity** with **30 tables** and **76 chairs**. Located at a **4-way signalized intersection**, neighboring major retailers such as Marshalls, Starbucks, Applebee's, and 7-Eleven, this is a prime commercial hotspot for high traffic and visibility. **Interior Features: ** - **96-person capacity** with an inviting dining space. - **Granite top bar** with seating for 6+, and full basement. Featuring engineered wood laminate flooring and upgraded audio system (2016). - **Fully-equipped kitchen**: 6-burner cooktop, 12-burner flattop, three-burner grill/broiler, dual and single coffee machines, coffee grinder, dual basket fryer, Ecolab dishwasher, and a three-basin dish sink. - **Recessed LED lighting** and **split unit heat pump** for climate control. - **Two bathrooms**, fully renovated in 2022. - **100 sq ft walk-in refrigerator**, Vevor ice machine, and 190-gallon hot water tank. - Speed Queen commercial washer/dryer for laundry needs. - **CCTV security system** with 19 cameras, two televisions, and an upgraded audio system. **Exterior Features: ** - **18 parking spots building-side at the rear, with **one handicap space** and **one regular parking space** upfront as well as and 12+ additional spots - **225 sq ft detached shed/storage area**. - **In-ground sprinkler system** with 5 zones, Intermatic timers for outdoor landscape lighting. - **Mature, professionally maintained landscaping** with K-style gutters around the entire building. **Additional Highlights: ** - Active **Suffolk County liquor license**. - **30-year architectural roof** installed in 2012. - **Energy-efficient** with two 200-amp panels (3 Phase) and a forced hot air/CAC system. This property is ideally located in a vibrant area, adjacent to popular franchises such as CVS, Walgreens, McDonald's, and Buffalo Wild Wings. Don't miss this exceptional opportunity to own a thriving restaurant location with a long-standing reputation. , Additional information: Business Located At: Miller Place, NY, Dining seats: 78, Building Size: 2300 sq ft
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,985 | $1,985 | $1,985 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,602 | $6,068 | $8,101 |
Total Monthly Payment | $7,712 | $8,178 | $10,211 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.