87 North Rd - Restaurant FOR SALE


Hampton Bays, NY 11946
$3,650,000 USD
631-678-2460
87 North Rd, Hampton Bays, NY for Sale
$3,650,000 USD
Restaurant - FOR SALE
1/20
null | Request Cap Rate

87 North Rd
Hampton Bays, NY 11946


HIGHLIGHTS

  • Mixed Use Investment Property
  • Highly Under Retailed Market
  • Apartments & House Have Immense Demand
  • Rare Boarding Designation for the Apartments
  • Become a Community Focal Point Again

OVERVIEW

Highly Visible Mixed Use Investment Property Compound in Shinnecock Hills. Iconic Site With Multiple Income Streams – This 0.316-acre property offers a rare blend of grandfathered retail and residential spaces in an R-20 zoning. As built, the site offers ~5,200sf of space split between a front building (1,700sf wet retail unit & 1,700sf of second floor apartments) and an 1,800sf two-story back house. The site is well utilized with great potential upside. Wet Retail Space With Back Patio & Basement – The 1,700sf wet retail space offers a clean open layout, kitchen, back patio, two bathrooms, and a basement. The interior has an 84-person occupancy with additional potential seating outside on the patio. The basement has a walk-in fridge and an ice maker with potential for conversion to prep space. High-Demand Residential Rentals – The property’s eight efficiency apartments (four on the north side and four on the south side of the building) feature studio layouts with kitchenettes and full bathrooms, appealing to a broad tenant base and supported by consistent demand. Additionally, the detached home at 5 Bayberry Dr offers a two-story layout with a private driveway, creating even more rental income potential. The property’s Certificate of Occupancy mentions “Boarding” style apartments which allows for expanded flexibility in how the units can be rented. Prime Accessibility & Parking – The site provides convenient parking with designated spaces for retail patrons and staff, plus ample street parking for apartment tenants. Its central position on North Rd offers easy access ideal for year-round and seasonal visitors. This property is an ideal investment with the ability to operate as is or transform the site into a unique experience. Shinnecock Hills is underserved in retail & would patronize this business. Asking Price: $3,650,000 Inquire with the Hamptons Commercial RE Team for additional information.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$1,217 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hotel Fish & Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R20

APN/PARCEL ID

0900-191-00-02-00-023-000

ASK ABOUT THIS PROPERTY

Hal ZwickCompassMore Info
631-678-2460

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

Hal ZwickCompassMore Info
631-678-2460

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