404 Richmond Ter 4,879 SF Specialty Building Offered at $4,811,695 CAD in Staten Island, NY 10301

Prime Waterfront Commercial & Development Opportunity | St. George, Staten Island
404–414 Richmond Terrace presents a rare opportunity to acquire a premier waterfront commercial property in the heart of St. George—Staten Island’s most transit-rich and rapidly evolving neighborhood. Situated just steps from the Staten Island Ferry, this iconic property combines immediate income with substantial long-term development upside.
The offering consists of a 7,653 SF, two-story, freestanding masonry building positioned on an expansive 26,362 SF lot, currently operating as the well-established Pavilion on the Terrace restaurant and event venue. The business seats approximately 198 guests and is fully built out with professional kitchen, dining, and event facilities, providing immediate cash flow for investors or owner-operators.
Zoned R3A/R5 with existing commercial (K5) use, the property is significantly underbuilt, utilizing only 0.29 FAR versus an allowable 0.75–1.0 FAR, allowing for over 12,000 additional buildable square feet. This creates compelling value-add potential for vertical expansion, mixed-use redevelopment, or residential conversion, subject to approvals. The site is also located within an Opportunity Zone and the St. George/New Brighton Historic District, offering potential tax advantages and preservation incentives.
Strategically positioned within walking distance to the Staten Island Ferry Terminal, Staten Island Railway, and multiple bus lines, the property benefits from exceptional accessibility, strong pedestrian traffic, and unobstructed waterfront views. St. George serves as Staten Island’s civic, cultural, and transportation hub, supported by ongoing public and private investment, waterfront improvements, and growing residential demand.
The property is offered at $4,500,000 including the business, or $3,500,000 for the real estate alone, providing flexibility for a wide range of acquisition strategies—from continuing the existing operation to repositioning or redeveloping the asset.
This is a truly unique opportunity to acquire a landmark Staten Island property offering immediate income, development flexibility, and long-term appreciation potential in one of the borough’s most desirable waterfront locations.