370 Manor Lane, Jamesport, NY 11947 | 370 Manor Ln
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370 Manor Lane, Jamesport, NY 11947 370 Manor Ln
6,681 SF Retail Building Jamesport, NY 11947 $3,047,560 CAD ($456 CAD/SF) 20.78% Cap Rate
Investment Highlights
- Calling All Investors, Developers, End-Users & Restauranteurs!!! 6,600+ Sqft. Impeccable Restaurant / Event Venue On 4 Acres For Sale!!!
- The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Golf Club & Jason’s Vineyard!!!
- Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Dunkin’, Walgreens, +++!!!
- The Property Features Excellent Signage, Great Exposure, High Ceilings, Indoor/Outdoor Seating, Full Commercial Kitchen, Full Basement, +++!!!
- The Property Is Situated In Between The Long Island Sound & Peconic Bay On The Dimon Estate!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, End-Users & Restauranteurs!!! 6,600+ Sqft. Impeccable Restaurant / Event Venue On 4 Acres For Sale!!! The Property Features Excellent Signage, Great Exposure, High Ceilings, Indoor / Outdoor Seating, Full Commercial Kitchen, Full Basement, Showcase Gardens, 86 Parking Spaces, 2 Br. Apartment, Strong Zoning, Full Bar, Multiple Private Parking Lots, Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Jamesport On Manor Lane Near Iron Pier Beach, Long Island National Golf Club & Jason’s Vineyard!!! The Property Is Situated In Between The Long Island Sound & Peconic Bay On The Dimon Estate!!! Neighbors Include Starbucks, USPS, Walmart, Costco, The Home Depot, CubeSmart Self Storage, Target, 7-Eleven, Dunkin’, Walgreens, Bob’s Discount Furniture, Mattress Firm, HomeSense, Buffalo Wild Wings, Davis Visionworks, McDonald’s, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!!
Income:
Restaurant / Event Venue: $480,000 Ann. (Available)
Pro Forma Gross Income: $480,000 Ann.
Expenses:
Insurance: $2,813 Ann.
Maintenance & Repairs: $250 Ann.
Water: $1,022 Ann.
Taxes: $29,243 Ann.
Total Expenses: $33,328 Ann.
Net Operating Income (NOI): $446,672 Ann. (Pro Forma 20.78 Cap!!!)
Income:
Restaurant / Event Venue: $480,000 Ann. (Available)
Pro Forma Gross Income: $480,000 Ann.
Expenses:
Insurance: $2,813 Ann.
Maintenance & Repairs: $250 Ann.
Water: $1,022 Ann.
Taxes: $29,243 Ann.
Total Expenses: $33,328 Ann.
Net Operating Income (NOI): $446,672 Ann. (Pro Forma 20.78 Cap!!!)
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$680,386
|
$101.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$680,386
|
$101.84
|
| Taxes |
$41,451
|
$6.20
|
| Operating Expenses |
$5,790
|
$0.87
|
| Total Expenses |
$47,241
|
$7.07
|
| Net Operating Income |
$633,144
|
$94.77
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $680,386 |
| Annual Per SF | $101.84 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $680,386 |
| Annual Per SF | $101.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,451 |
| Annual Per SF | $6.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,790 |
| Annual Per SF | $0.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $47,241 |
| Annual Per SF | $7.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $633,144 |
| Annual Per SF | $94.77 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,681 SF
Building Class
C
Year Built/Renovated
1947/2006
Price
$3,047,560 CAD
Price Per SF
$456 CAD
Cap Rate
20.78%
NOI
$633,144 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.04
Lot Size
3.78 AC
Zoning
421 Restaurant
Parking
12.87 Spaces per 1,000 SF Leased
Frontage
297 ft on Manor Lane
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Fireplace
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0600-047-00-02-00-003-000 | Total Assessment | $209,089 CAD (2023) |
| Land Assessment | $35,455 CAD (2023) | Annual Taxes | $41,451 CAD ($6.20 CAD/SF) |
| Improvements Assessment | $173,633 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0600-047-00-02-00-003-000
Land Assessment
$35,455 CAD (2023)
Improvements Assessment
$173,633 CAD (2023)
Total Assessment
$209,089 CAD (2023)
Annual Taxes
$41,451 CAD ($6.20 CAD/SF)
Tax Year
2024
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370 Manor Lane, Jamesport, NY 11947 | 370 Manor Ln
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