685 Old Montauk Hwy - Hospitality FOR SALE


Montauk, NY 11954
$6,950,000 USD
631-678-2460
685 Old Montauk Hwy, Montauk, NY for Sale
$6,950,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

685 Old Montauk Hwy
Montauk, NY 11954


HIGHLIGHTS

  • Established Restaurant / Bar / Motel
  • Picturesque Ocean Views
  • Proximate Beach & Downtown Access
  • Historic Old Montauk Highway
  • Year Round Destination

OVERVIEW

Located on the historic Old Montauk Hwy, 685 Old Montauk Hwy is a rare offering of an Inn, Restaurant, & Bar with ocean views only a short distance from the Downtown of Montauk. The grandfathered use of hotel suites makes this property impossible to replicate! The restaurant has an impressive main dining room, lounge area & bar. There is also an outdoor dining/ deck area with covered porches & picturesque views for all day enjoyment. This establishment has been galvanized as a go-to hot spot by locals and tourists alike. All day, all season appeal. The Inn occupies the second and third level of the building; boasting 11 rooms an stunning views of the ocean. Convenient access to the beach and the Downtown. Potential to reconfigure/optimize the rooms. The 0.43-acre site also features a detached garage and front/rear parking. A truly unique and established destination!

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,170 USD /SF

# OF ROOMS

11

PRICE/ROOM

$631,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surfside Inn & Restaurant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1922

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

-

APN/PARCEL ID

0300-071-00-02-00-007-000

ASK ABOUT THIS PROPERTY

Hal ZwickCompassMore Info
631-678-2460

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Hal ZwickCompassMore Info
631-678-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.