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    15 Prospect St Southampton, NY 11968

    For Sale
    $5,250,000

    Commercial - Southampton, NY

    Property size:
    6,200 SF
    Lot size:
    1.58 Acres
    Days on Market:
    199
    Last Refresh:
    Dec 15 at 12:06 am

    Property Features for 15 Prospect St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    0904-005.000-0002-027.000
    Parking features
    Garage
    Size
    6,200 SF
    Lot size
    1.58 Acres

    Utilities

    Heating system
    Forced Air, Oil

    Building Details

    Year built
    1930
    Year renovated
    1930
    Floors in Building
    3
    Building materials
    Wood Siding
    Architectural style
    Other

    Saunders & Associates (631) 537-5454 [email protected]

    Listing agent Lee V. Minetree (631) 537-5454

    Listing date May 31, 2025

    MLS# 11404778 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Southampton Restaurant with Luxury Appeal

    This iconic Southampton Village space, formerly home to preeminent restaurants, features over 200 seats across three dining rooms, a full bar, four private parlors, a lounge, a full kitchen, and basement storage. Renovated in 2021, the approximately 6,213 square foot restaurant exudes luxury appeal, expert design, and an efficient layout. Situated on 1.5 acres, the property offers ample parking, outdoor seating, and entertaining space suitable for high-volume service and events. The two-story restaurant has a natural interior flow. The front reception leads to an open room with a full-service bar and the first dining room, which connects to two additional dining rooms: a private dining area with folding glass walls and the main dining room. This space features high ceilings, windows, a piano, and connects to a lounge area with a fireplace, couch seating, and a billiards table. The first floor includes bathrooms and a full-service kitchen. Upstairs, there are four private parlor rooms, each with unique aesthetics. Outside, there is a covered dining patio, an extended stone patio, and extensive lawns suitable for gatherings or a tent for events. The property includes 35 parking spots and is located in Southampton, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Main Prospect Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Janet O'Brien Caterers + Events Inc., Seasons of Southampton

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.392357
    Latitude
    40.893178

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    FAQs

    What type of property is this?
    Restaurant - Iconic Southampton restaurant space with over 200 seats.
    Where is this restaurant located?
    The property is located at 15 Prospect St Southampton, NY.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: - Iconic restaurant space with over 200 seats, featuring 3 dining rooms, full bar, 4 private parlors, lounge, full kitchen, and basement storage.; - Renovated in 2021 with luxury appeal, expert design, and efficient layout.; - Situated on 1.5 acres with ample parking (35 spots), outdoor seating, and entertaining space for high-volume service and events.
    (631) 537-5454
    Request Owner's contact information
    15 Prospect St Southampton, NY 11968
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    Southampton, NY 11968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Prospect St Southampton, NY 11968
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