Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ocean & Bay View Restaurant Title is generated by Realmo AI

    363 Beach Road, Hampton Bays, NY 11946

    View on Map
    Claim this Listing
    For Sale
    $6,495,000

    Commercial Building - Hampton Bays, NY

    Property size:
    8,160 SF
    Lot size:
    1.60 Acres
    Price / SF:
    $795/SF
    Added:
    Oct 2, 2024
    Days on Market:
    585
    Last Refresh:
    May 9 at 12:06 am

    Property Features for 363 Beach Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0900-364.000-1000-040.000
    Size
    8,160 SF
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    H2oocean, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hal Zwick
    Hal Zwick

    Listing agent Hal Zwick

    Listing office Compass 63 Main Street, New York, NY

    Listing date Oct 2, 2024

    MLS# 11349417 Listing URL

    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.

    HighLights

    • Unmatched ocean & bay views with expansive wrap around deck
    • Extensive restaurant and bar available on the east end with 417‑person capacity
    • Prime location directly across from the beach in the heart of Hampton Bays
    • Versatile event spaces suitable for private celebrations, corporate events, or weddings
    • Potential to lease retail storefronts on the first floor for additional business opportunities
    • Potential to retrofit commercial fish processing & approximately 18 boat slips in the marina (pending approvals)

    Overview

    Located in Hampton Bays, NY, this commercial building offers a combination of ocean and bay views. The property features 8,160 square feet of space, including 3,391 square feet of indoor dining space and 4,769 square feet of wraparound outdoor decking. The venue has a 417-person capacity, with 137 indoors and 280 outdoors, and 197 dining seats can be positioned to capture views of Shinnecock Bay, Shinnecock Canal, the Atlantic Ocean, and Ponquogue Bridge. The location across from the beach provides a built-in clientele of beachgoers and tourists. The occupant can also lease the retail storefronts on the first floor, complementing the restaurant offerings. The venue offers versatile event spaces suitable for private celebrations, corporate events, and weddings, with a wraparound deck, multiple bars, and open dining areas. There is potential to retrofit the commercial fish processing and approximately 18 boat slips in the marina, pending Town and DEC approvals. The property sits on a 1.6-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Food Market Restaurant Hotel & Motel Restaurant Fish Market Catering Service Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton Bays
    County
    Suffolk
    State
    New York
    Longitude
    -72.481573
    Latitude
    40.842137

    Nearby Similar for Sale

    • $17,900,000

      Waterfront Restaurant and Marina Opportunity

      Iconic Hampton Bays waterfront restaurant and marina for sale.
      369 Dune Road, Hampton Bays, NY 11946
      View Details
    • $2,000,000
      4,246 SF

      Hampton Bays Bed & Breakfast

      Renovated 1930s bed & breakfast or private waterside home.
      296 East Montauk Highway, Hampton Bays, NY 11946
      View Details
    • $2,395,000
      2,804 SF

      Renovated Farmhouse Near Hampton Bays

      Meticulously renovated farmhouse near the ocean, shops, and dining.
      11 Shinnecock Road, Hampton Bays, NY 11946
      View Details
    • $1,500,000
      2,919 SF

      Income-Producing Multi-Family Property

      Rare income-producing property with two residences and multiple buildings.
      153 Ponquogue Avenue, Hampton Bays, NY 11946
      View Details
    • $899,000

      Garage with Office and Storage

      Centrally located garage with office and storage spaces.
      230 E Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • $2,800,000
      4,046 SF

      Funeral Home Business and Property

      Established funeral home with real estate on 1.2 acres.
      94 E Montauk Highway, Hampton Bays, NY 11946
      View Details
    • $3,650,000
      5,200 SF

      Mixed-Use Investment Property Compound

      Retail and residential spaces in Shinnecock Hills, Hampton Bays.
      87 North Rd, Hampton Bays, NY 11946
      View Details
    • $1,550,000

      Hampton Bays Legal 3-Family

      Legal 3-family investment opportunity near beaches, town, schools, and train.
      134 Ponquogue Ave, Hampton Bays, NY 11946
      View Details
    • $1,725,000
      741 SF

      Hampton Bays Cottage Compound

      Three renovated cottages near Peconic Bay shoreline.
      14 E Landing Rd, Hampton Bays, NY 11946
      View Details
    • $2,200,000

      Turnkey Restaurant Opportunity

      Restaurant property for sale or lease in Hampton Bays.
      322 W Montauk Hwy, Hampton Bays, NY, 11946-3525
      View Details
    • $6,250,000
      4,000 SF

      Bayfront Restaurant & Boutique Inn

      Unique waterfront hospitality property in Hampton Bays with restaurant and inn.
      32 Lighthouse Rd, Hampton Bays, NY 11946
      View Details
    • $6,495,000
      8,160 SF

      Retail

      363 Beach Rd, Hampton Bays, NY 11946
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant and bar with unmatched ocean and bay views.
    Where is this restaurant located?
    The property is located at 363 Beach Road Hampton Bays, NY.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: Unmatched ocean & bay views with expansive wrap around deck; Extensive restaurant and bar available on the east end with 417‑person capacity; Prime location directly across from the beach in the heart of Hampton Bays
    (631) 678-2460
    We can help!
    Listing Contact
    Hal Zwick
    Hal Zwick
    Real Estate License ID: 40ZW1016031
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    363 Beach Road, Hampton Bays, NY 11946
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!