307 Nelson AveStaten Island, NY 10308

For Sale
$995,000

Prime Location, High Returns, Fully Equipped

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $995,000 asking price.
  • 1,180 square foot retail/office building with a 2,100 square foot lot.
  • 11-15 foot ceiling height.
  • Located at 307 Nelson Avenue, Staten Island, NY 10308.
  • Currently operating as a fully equipped Japanese restaurant with a liquor license, generating $4,500/month in net rent (5% cap rate).
  • Sale includes both the real estate and the established restaurant business.

Location Insight

City
Staten Island
County
Staten Island
State
New York
Latitude
40.5422866
Longitude
-74.1453859
307 Nelson Ave, Staten Island, New York

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307 Nelson Ave
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