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Italian Restaurant with Income Producing Property

Nassau County , New York

Asking Price: Gross: Cash Flow:
$750,000 $730,000 $135,000

Real Estate:
$500,000 (included in the asking price)

Business Summary:
A beautiful, newly renovated Italian restaurant and income producing property is for sale on Long Island. This restaurant is surrounded by a wonderful mix of residential and commercial buildings. It has seating for over 60 which includes a full bar and liquor license. All of the equipment has recently been updated and this restaurant is truly immaculate. The property also is in excellent condition as the owners has recently invested in a new HVAC system. The owner is selling the property as well as the restaurant, which includes two rented apartments above the restaurant. The two apartments rent for $2,000 per month. If the buyer is not interested in the property, the owner will sell just the restaurant with a reasonable monthly rent for the business. This is a great opportunity to own a profitable Italian restaurant in a great neighborhood and also be the landlord. Why rent when you can also own the building. If interested in this opportunity please refer to listing number 11768.

 
   
 

 

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