Active

$3,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 7784 sq ft
Overview
  • ID: MFRV4941625
  • Bedrooms:
  • Bathrooms: 0
  • Size: 7784 sq ft
Property Details
Remarks
NOW THIS IS A HIDDEN TREASURE!! (; Located in a prime, high-traffic area off of U.S. 1 (approx 3,200 cars per hour) this commercial waterfront property, known as "Hidden Treasure" -- offers an exceptional opportunity for entrepreneurs looking to expand an established business or invest in a future thriving business. The property boasts nearly 1.17 acres of land plus an additional 1+ acre of water access leased through DEP. In addition, 3 well-maintained buildings, each designed to accommodate a range of business operations, from restaurants to retail and all in between plus ready for immediate use. (2 tenants already in place.) This piece of real estate can accommodate up to 325 people at once! Alongside the buildings, there are 3 spacious docks and seawall with 16 boat slip(s) and power/water ... perfect for boat traffic, water sports rentals, or any maritime-based ventures. Imagine a second level ... or rooftop ... Imagine a fuel station for local boaters ... Imagine monthly rentals for boat slips ... THE ROI IS LIMITLESS WITH THIS OPPORTUNITY! With an ample parking lot and 95 parking spots, the property can easily accommodate high customer volumes, ensuring smooth operations year-round. Plus the opportunity for additional income. The parking lot is designed for convenience and accessibility, making it easy for patrons to enjoy everything the property has to offer or store their toys after a day on the water. The ample space allows for potential expansion or diversification, providing new owners with flexibility in growing their businesses and catering to the community's needs. At the heart of the property is the popular Tiki Bar and Grille, a well-established hotspot for locals and tourists alike, offering a fun and relaxing atmosphere with exceptional food and drinks. Known for its laid-back vibe, the Tiki Bar is a favorite spot to unwind, making it a lucrative business on its own. Additionally, the property also features a successful watercraft/jet ski rental business, providing customers with exhilarating water sports experiences while capitalizing on the prime waterfront location. Whether you're looking to invest in an established waterfront business, expand your current operations, or simply capitalize on the prime Rose Bay waterfront location, this "hidden treasure" offers tremendous value and potential. With its unique combination of commercial buildings, parking lot space, ability to build up, waterfront access, docks/slips and a successful existing business portfolio, this property stands out as a hidden gem in the heart of a thriving community! Don't wait ... CALL TODAY FOR MORE INFO! ALL INFORMATION DEEMED TO BE TRUE BUT NOT GURANTEED.
Financial Considerations
Price:
$3,500,000
HOA Fee:
N/A
Tax Amount:
$5899.57
Price per SqFt:
$220.13
Tax Legal Description:
LOTS 1 & 2 BLK 17 HARBOR OAKS UNIT 1 MB 10 PGS 145-146 INC PER OR 5062 PG 1172 PER OR 8117 PG 1787 PER OR 8148 PG 1735 PER OR 8148 PG 1738
Exterior Features
Lot Size:
50785
Lot Features:
Corner Lot, City Limits, Near Public Transit, Oversized Lot, Sidewalk, Paved, Waterfront
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Ground Level, Lighted, Other, Over 30 Spaces
Roof:
Concrete, Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Ductless, Zoned
Cooling:
Other
Appliances:
N/A
Furnished:
No
Floor:
Concrete, Other, Tile
Levels:
Two
Additional Features
Property Sub Type:
Restaurant
Style:
N/A
Year Built:
1949
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    5993 S RIDGEWOOD AVE
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