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Renovated Restaurant with Private Parlors

15 Prospect Street, Southampton, NY 11968

For Lease
New
$240,000

A multi-room dining layout includes a full bar, kitchen, outdoor seating, and on-site parking.

Space Size6,213 SF
Lot Size1.50 Acres
Days on Market4

Property Features for 15 Prospect Street

General Information

Standard status Active
Size 6,213 SF
Net Rentable 6,213 SF
Total Parking Spaces 35
Lot size 1.50 Acres
Property subtype Commercial

Space & Availability

Available Space 6,213 SF
Contiguous Space 6,213 SF
Space Use Restaurant

Restaurant

Patio Yes
Second-Generation Restaurant Yes

Taxes and HOA fees

Annual Taxes $7,481

Amenities

Central air
Central Air Cooling
Forced Air Heating

Building Details

Year Built 1985
Year Renovated 2021
Stories 2
Listing Agency: SAUNDERS WEST LLC
Listed By: LEE V. MINETREE · License #1070083
Source: Corcoran
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 7:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAUNDERS WEST LLC

Rey
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Investment Insights

Based on property information with market context.

This two-story restaurant offers 6,213 square feet of interior space on a 1.5-acre property. The layout includes three dining rooms, a full bar, four private parlors, a lounge with a fireplace and billiards table, and a full-service kitchen. Renovated in 2021, the building also has basement storage and a reception area.

Outdoor amenities include a covered dining patio, an extended stone patio, and lawns used for gatherings or tented events. The property has 35 parking spaces and is located at 15 Prospect Street in Southampton, New York.

Key Highlights

  • 6,213 square feet of restaurant space on 1.5 acres
  • Three dining rooms, four private parlors, a lounge, and a full bar
  • Full‑service kitchen and basement storage

Property Analytics

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Open Analytics

Current Use

Main Prospect Restaurant

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Florist Computer & Electronic Repair Tattoo & Piercing Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,221
Businesses Nearby
111k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Shops & Services 35% Groceries 20% Apparel 1%
McDonald's Dining
25,755 visits/mo 0.3 miles
Stop & Shop Groceries
22,509 visits/mo 0.3 miles
Burger King Dining
17,708 visits/mo 0.5 miles
7-Eleven Shops & Services
17,690 visits/mo 0.3 miles
Cumberland Farms Shops & Services
10,620 visits/mo 0.4 miles

Demographics for 11968, NY

14,467
Population
10,444
Households
1.4
Avg Household Size
46
Median Age
61%
College-Educated
98%
High-School Grad
26.9 sq mi
ZIP Area
538
Density / Sq Mi
$146,138
Median Household Income
$64,959
Median Earnings
$2,068
Median Rent
$1,171,100
Median Home Value
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Market

Properties on Market for Conventional restaurants in Suffolk County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A multi-room dining layout includes a full bar, kitchen, outdoor seating, and on-site parking.
Where is this conventional restaurant located?
The property is located at 15 Prospect Street Southampton, NY.
What is the lease rate?
The lease rate is $240,000.
What are key features of this property?
This property features: 6,213 square feet of restaurant space on 1.5 acres; Three dining rooms, four private parlors, a lounge, and a full bar; Full‑service kitchen and basement storage
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