CALLING ALL TAVERN/ PUB OPERATORS! 147 S Wellwood Ave, Lindenhurst, NY 11757
New york (Suffolk)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11686
Business Type:
Assets Sale / Closed / Great Location
Business Category:
Any Type of Closed Asset Sale
State:
New york
County:
Suffolk

Other Information

Financial Information

Asking Price:
$0
Gross Income:
$4,000,000
Cash Flow:
$0
Seller Financing:
 

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Business Description

MAJOR FOOD AND BEVERAGE OPERATORS will be interested in this building, that is arguably the most beautiful building in the Village of Lindenhurst. This building has been a bank since it was built in the 1930s. It will soon be home to a - GASTRO MEGA PUB, an ICONIC STEAKHOUSE, or a HIGH END RESTAURANT & BAR.  Asking on Rent is 32.00 PSF
This is the most prominent building in the area. Located on the main North / South corridor in Lindenhurst on Wellwood Ave, yielding EXTREMELY high vehicular traffic. Steps away from Lindenhurst LIRR train station, adding additional traffic and exposure. Hundreds of new apartments and condos are being built right now, steps away. This will bring thousands of patrons into the area. Directly across the street, will soon be home to Sand City Brewery. The # 1 ranked craft brewery on Long Island. The new brewery and tasting room ( no food ), are sure to attract large, steady crowds. The brewery has been well anticipated locally and beyond, giving this property tremendous future exposure. There are many new business that have come to Lindenhurst in the last year alone, and many more in the works. A quick call to the village will confirm that they have had a massive increase in new business applications recently because of everything that is going on in Lindenhurst. 
The building itself has 20 foot ceilings with original plaster detailing. It boasts a magnificent facade with 3 spectacular giant brass windows to the street. The property has three separate, varying sized catering spaces,  besides the main restaurant / bar area, allowing for major earning potential. A 1,350 SF rear balcony, for up to 100 people, overlooking the whole restaurant. A 550 SF front balcony with 16 foot ceilings and beautiful brass 1/2 round windows to the floor. A 300 SF original vault, complete with two $100,000 dollar vault doors and safe deposit boxes. 
Well thought out professional plans have been developed and approved by the Zoning board, Planning board and Village Board, if the tenant wishes to use them. That combined with a recent demo, is a savings of $225K. This building is ready for the contractor. 
As designed, the lower level,  semi in-ground basement ( no flood risk ) of 2,100 SF, with 10 foot ceilings, can be utilized for a spacious kitchen layout, allowing a restaurant to optimize the main floor for increased seating and an open concept design, which helps accentuate the rare qualities and beauty of the building.
This property, HAS to, be seen to understand and grasp the true charm and potential of the space. Don’t miss out on this once in a lifetime opportunity to become part of the New Village of Lindenhurst and it’s future.
 
If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!
Listing Number : 11686

Business Listed By

Henry Galasso

Email this List   5163421648
Email this List   5163421648
Email this List   henry@eastcoaststores.com
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