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    322 W Montauk Hwy Hampton Bays, NY 11946

    For Sale
    $2,200,000

    Restaurant property for sale, also offered for lease.

    Lot size:
    0.97 Acres

    Property Features for 322 W Montauk Hwy

    General Information

    Lot size
    0.97 Acres

    Building Details

    Year built
    1967

    Source: Island View Properties LLC Agent James C. Cariello

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Property For Sale

    The property and building are for sale for $2,200,000. Currently operating as a high-end steak house, the property is also offered for lease as a turn-key restaurant with key money of $500,000 and a monthly rent of $15,000 on a triple net lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    1 North Steak House

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    Centro 336

    Location Insight

    • Map
    • Local Demand
    City
    Hampton Bays
    County
    Suffolk
    State
    New York
    Longitude
    -72.49115
    Latitude
    40.88322

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property for sale, also offered for lease.
    Where is this restaurant located?
    The property is located at 322 W Montauk Hwy Hampton Bays, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Property and building for sale.; - Existing high-end steak house business included in sale.; - Turn-key restaurant opportunity.
    (631) 996-4345
    Request Owner's contact information
    322 W Montauk Hwy Hampton Bays, NY 11946
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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
    322 W Montauk Hwy Hampton Bays, NY 11946
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