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Undisclosed 2,000 SF of Retail Space Available in Long Beach, NY 11561
HIGHLIGHTS
- Heavy Traffic
- Fully Built Out Restaurant
- Huge Kitchen
- 32,000 VPD
- Municipal Parking Lots
- Exposed Brick
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | Negotiable | $48.06 CAD/SF/YR $4.00 CAD/SF/MO $96,112 CAD/YR $8,009 CAD/MO | Modified Gross |
1st Floor
Offered for sale is a turnkey restaurant business ideally located on E Park Avenue, Long Beach, in the heart of one of the area’s highest-traffic corridors. Completely renovated in 2023, this fully built-out space features approximately 70 interior seats and a full liquor license, making it ready for immediate operation. The restaurant benefits from 13 years remaining on the lease and a single-zone forced air HVAC system. The expansive commercial kitchen is equipped with a 24-foot hood, 12 burners, grill, deep fryer, 16-foot salad bar, slicer, brand new walk-in box, and new hot water heater. The full-service bar includes ample refrigeration and brand new soda dispensers. All equipment is owned outright, with the exception of the dishwasher. Situated just steps from the Long Beach LIRR, municipal parking, and surrounded by dense residential buildings, retail, and nightlife, this is a rare opportunity to acquire a fully operational restaurant in a prime location. Key Money is $439,000!
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Freezer Space
- Secure Storage
- After Hours HVAC Available
- Hardwood Floors
- Wheelchair Accessible
- Steps From the LIRR
- Steps From the Beach
- 32,000 VPD
- 24 Foot Hood
- 70 Interior Seats
- Fully ADA Compliant
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,000 SF | Gross Leasable Area | 2,000 SF |
| Property Type | Retail | Year Built/Renovated | 1928/2023 |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,000 SF |
| Year Built/Renovated | 1928/2023 |
NEARBY MAJOR RETAILERS
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