Search
Restaurant with Outdoor Dining

15 Prospect Street, Southampton, NY 11968

For Sale
New
$4,800,000

A two-story layout combines multiple dining rooms with private parlors, a bar, lounge and full kitchen.

Property Size6,213 SF
Lot Size1.50 Acres
Price / SF$772.57
Days on Market6

Property Features for 15 Prospect Street

General Information

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

Additional Details

Patio 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
Buildings 1
Stories 2
Listing Agency: SAUNDERS WEST LLC
Listed By: LEE V. MINETREE · License #1070082
Source: Corcoran
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 6:08AM

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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 6,213 +/- square foot restaurant occupies 1.5 acres and was renovated in 2021. Its two-story plan accommodates more than 200 seats, with three dining rooms, a full bar, four private parlors and a lounge with a fireplace and billiards table. The property also includes a full kitchen and basement storage. Outdoor areas include a covered dining patio, a stone patio and lawns. On-site parking totals 35 spaces.

At 15 Prospect Street in Southampton, the restaurant offers a mix of indoor dining areas and outdoor gathering space. The property’s rooms and patios provide distinct settings within the same restaurant operation.

Key Highlights

  • 6,213 +/- square feet on 1.5 acres
  • Renovated in 2021
  • Capacity for more than 200 seats, with three dining rooms

Property Analytics

Who owns this building? See the owner, sales and loan history
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.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Conventional restaurants in Suffolk County, NY

$662 Jul
$567 Aug
$888 Sep
$634 Oct

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 two-story layout combines multiple dining rooms with private parlors, a bar, lounge and full kitchen.
Where is this conventional restaurant located?
The property is located at 15 Prospect Street Southampton, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 6,213 +/- square feet on 1.5 acres; Renovated in 2021; Capacity for more than 200 seats, with three dining rooms
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved