ASKING PRICE: MAKE OFFER

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Kelly Webster
6 years ago
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FOR SALE HOTEL / MIXED-USE / RESIDENTIAL / OFFICE / RETAIL DOWNTOWN PATCHOGUE DEVELOPMENT SITE PATCHOGUE, NEW YORK 11772 ANHEUSER BUSCH BREWERY & EXPERIENCE VENUE NEW VILLAGE ASKING PRICE: MAKE OFFER

1 FOR SALE HOTEL / MIXED-USE / RESIDENTIAL / OFFICE / RETAIL DOWNTOWN PATCHOGUE DEVELOPMENT SITE PATCHOGUE, NEW YORK ANHEUSER BUSCH BREWERY & EXPERIENCE VENUE NEW VILLAGE ASKING PRICE: MAKE OFFER Location: Village of Patchogue Block / Lot: Existing Building Size: 300 x 100 (approx.) Existing Building SF: 30,000 Acres: or 111,600 SF (approx.) Lot Size: 300 x 373 (approx.) Zoning: Downtown Redevelopment District (DRD) Sewer: Yes PROPERTY HIGHLIGHTS Across the street from Anheuser-Busch 35 Million Dollar Brewery Contiguous to New Village 100 Million Dollar Mixed-Use Project Potential views of Patchogue Lake Gateway to Village of Patchogue Village of Patchogue ability to fast track approvals FOR MORE INFORMATION, PLEASE CONTACT: FRANK FRIZALONE, SIOR Executive Director frank.frizalone@cushwake.com NICHOLAS GALLIPOLI Director nicholas.gallipoli@cushwake.com THOMAS DELUCA Associate thomas.deluca@cushwake.com A commission computed and earned in accordance with the rates and conditions of our agency agreement with our principal, when received from our principal, will be paid to a cooperating broker who consummates a closing and transfer of title between our principal and purchaser. (A copy of the rates and conditions referred to above are available upon request.)

PROPERTY INFORMATION Cushman & Wakefield has been retained on an exclusive basis to market 101-147 West Main Street in Patchogue, Long Island.

The subject site is zoned Downtown Redevelopment (DRD) within The Village of Patchogue, which can permit a 5-story hotel/mixed-use project.

The Long Island Hotel market is thriving as a result of increased tourism in New York City and the Hamptons, as well as Patchogue s Anheuser-Busch Brewery project becoming a regional attraction.

2 PROPERTY INFORMATION Cushman & Wakefield has been retained on an exclusive basis to market West Main Street in Patchogue, Long Island. The Village of Patchogue is seeking to add a hotel to its prospering downtown. The subject site is zoned Downtown Redevelopment (DRD) within The Village of Patchogue, which can permit a 5-story hotel/mixed-use project. The existing one (1) story 30,000 SF (300 x100 ) structure may be ideal to be readapted for ground floor retail space and hotel amenities. The Long Island Hotel market is thriving as a result of increased tourism in New York City and the Hamptons, as well as Patchogue s Anheuser-Busch Brewery project becoming a regional attraction. Patchogue, Long Island offers convenient access to transportation and area attractions making it a very appealing neighborhood for hotel development. Additionally, Downtown Patchogue offers adult lifestyle community amenities, such as the ability to walk to restaurants serving breakfast, lunch, and dinner, as well as night clubs and parks. Patchogue has emerged as one of the fastest growing neighborhoods with recent public and private investments totaling $455 Million, largely due to friendly local government abilities to fast track approvals within 12 months. This is a prime opportunity for a developer to capitalize on Downtown Patchogue s high political and community demand for a hotel in an effort to accommodate the rapid inflow of visitors and tourists. Property inspections are made by appointment only. TWO SIGNIFICANT NEIGHBORS: New Village and Blue Point Brewery The $110-million complex features 291 apartments, 46,000 square feet of retail space and 17,000 square feet of office space. Operating by early 2018, this redevelopment project will become a $35 million brewery including a tasting room and restaurant with glass walls giving views of the brewing operations and Great Patchogue Lake. CUSHMAN & WAKEFIELD 2

3 LOCATION MAP 1 2 LIRR PATCHOGUE TRAIN STATION PATCHOGUE THEATRE 3 7 ST JOSEPH S COLLEGE BLUE POINT BREWERY 9 10 Village of Patchogue Destinations 1. LIRR Patchogue Train Station 7. Blue Point Brewery 13. Cooper Beech FIRE ISLAND NATIONAL SEASHORE 11 CARNEGIE LIBRARY Patchogue Theatre 8. Dublin Deck Tiki Bar and Grill 14. The River Walk 3. St Joseph s College 9. Fire Island National Seashore 15. YCMA 4. The New Village 10. Carnegie Library 16. Gather Art Studio 5. Fire Island Ferry Terminal 11. Shorefront Park 17. The Plaza Cinema 6. Brookhaven Hospital 12. Artspace Patchogue Lofts SHOREFRONT PARK ARTSPACE LOFTS CUSHMAN & WAKEFIELD 3

4 TRANSPORTATION MAPS LONG ISLAND RAIL ROAD LIRR PATCHOGUE TRAIN STATION MACARTHUR AIRPORT CUSHMAN & WAKEFIELD 4

5 TRANSPORTATION MAPS LONG ISLAND BUS MAP CUSHMAN & WAKEFIELD 5

LOCATED BETWEEN SEVENTH & EIGHTH AVENUES

LOCATED BETWEEN SEVENTH & EIGHTH AVENUES For more information, please contact: DIANA D. BOUTROSS EXECUTIVE MANAGING DIRECTOR 212 841 5097 diana.boutross@cushwake.com BRANDON L. SINGER MANAGING DIRECTOR