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Two-Story Restaurant

15 Prospect Street, Southampton, NY 11968

For Lease
$19,780/Mo

Commercial Sale, Southampton, NY

Space Size6,213 SF
Lot Size1.58 Acres
Days on Market690

Property Features for 15 Prospect Street

General Information

Property type Commercial Lease
Property subtype Other
Bathrooms 4
Half bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
High school district Southampton
Standard status Active
APN 0904-005.000-0002-027.000
Size 6,200 SF
Lot size 1.58 Acres

Additional Details

Second-Generation Restaurant Yes

Taxes and HOA fees

Tax Annual Amount 20308

Utilities

Sewer type Septic Tank
Heating system Oil, Forced Air
Water source Public

Amenities

piano
fireplace
billiards table

Building Details

Year built 1930
Floors in Building 3
Listing Agency: Saunders & Associates
Listed By: Lee V. Minetree · License #10301201975
Added: Dec 18, 2024 Changed: Nov 6 Last Checked: Nov 7 at 9:06AM
MLS# 11405168

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This two-story restaurant in Southampton, NY, was renovated in 2021. Its interior includes three dining rooms, a bar, a lounge with a fireplace and billiards table, four private parlors, a kitchen, and basement storage. The dining rooms connect to one another, with folding glass walls separating one private dining area. Windows and high ceilings feature in the main dining spaces, while the upper level contains the private rooms.

Outdoor areas include a covered dining patio, a stone patio, and lawns. The property also has parking and space for outdoor gatherings. Public water and a septic system serve the building.

Key Highlights

  • More than 200 seats across three dining rooms
  • Four private parlors on the upper floor
  • Renovated in 2021

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.

Lease Details

NNN (Triple Net)
Lease Type
$5.74 /SF/Yr
CAM

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
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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 - Four upstairs private rooms complement the dining areas and lounge.
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 $19,780/Mo.
What are key features of this property?
This property features: More than 200 seats across three dining rooms; Four private parlors on the upper floor; Renovated in 2021
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