Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Restaurant Opportunity For Sale Title is generated by Realmo AI

    62375 Main Rd, Southold, NY 11971

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,450,000

    Renovated restaurant in high-traffic location, ready for your concept.

    Type:Commercial
    Lot size:
    0.76 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    175
    Last Refresh:
    May 11 at 12:20 am

    Property Features for 62375 Main Rd

    General Information

    Standard status
    Active
    Lot size
    0.76 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Colin McCarthy C2EX
    Colin McCarthy C2EX

    Listing agent Colin McCarthy C2EX License #31MC0791905

    Listing office Thomas J. McCarthy Real Estate Inc.

    Listing date Nov 27, 2025

    Source Elliman

    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 Thomas J. McCarthy Real Estate Inc.

    HighLights

    • Prime, high‑traffic location in an up‑and‑coming commercial area.
    • Turnkey and move‑in ready, minimizing startup time and costs.
    • Fully equipped commercial kitchen suitable for diverse menu concepts.
    • Generously sized dining room ideal for various group sizes.
    • Stylish bar area designed for cocktails and happy hour.
    • Outdoor space available for seasonal dining.

    Overview

    This renovated restaurant property is available for sale, offering a prime, turnkey opportunity in a highly visible, high-traffic location. The property features a generously sized dining room suitable for both large groups and smaller gatherings. A stylish bar area provides an ideal setting for cocktails and happy hour. The restaurant also includes an outdoor space suitable for seasonal dining. The full commercial kitchen is equipped to accommodate various menu concepts. Situated in an up-and-coming commercial area with restaurants, shops, marinas, and hotels, this property is move-in ready. It is suitable for various restaurant concepts, including a lobster shack, clam bar, steakhouse, pizzeria, or bistro. This location presents an opportunity to launch or expand a restaurant venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Skin Care Clinic Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southold
    County
    Suffolk
    State
    New York
    Longitude
    -72.426
    Latitude
    41.0609

    Nearby Similar for Sale

    • $99,999

      Established Deli on High-Visibility Road

      Well-equipped deli with high traffic visibility, ready for new owner.
      46520 County Rte 48, Southold, NY 11971
      View Details
    • $1,599,000
      3,500 SF

      3500 SF Commercial Opportunity

      3500 SF property on 0.5 acres in high-exposure location.
      45845 County Road 48 Rd, Southold, NY 11971
      View Details
    • $1,249,000
      2,000 SF

      Historic Farmhouse on North Fork

      Charming 1890 farmhouse on 1.75 acres in Southold, NY.
      2055 Boisseau Avenue, Southold, NY 11971
      View Details
    • $9,400,000
      15,600 SF

      Winery & Distillery Estate Opportunity

      Fully operational winery and distillery in Long Island's North Fork.
      5195 Old North Rd, Southold, NY 11971
      View Details
    • $1,450,000

      Turnkey Restaurant Opportunity in Southold

      Renovated restaurant in high-traffic location, ready for your concept.
      62375 Main Road, Southold, NY 11971
      View Details
    • $899,000
      2,606 SF

      North Fork Retail Opportunity

      Retail property in Hamlet Business District with ample parking.
      57190 Route 25, Southold, NY
      View Details
    • $1,395,000

      Purpose-Built Service Headquarters on North Fork

      Rare service headquarters designed for fleet staging and roadside visibility.
      45845 County Rd 48, Southold, NY 11971
      View Details
    • $9,500,000
      15,600 SF

      Turnkey Winery and Distillery Operation

      Comprehensive winery and distillery on 27 acres in Southold.
      5195 Old North Rd, Southold, NY 11971
      View Details
    • $1,450,000
      2,500 SF

      Turnkey Restaurant Opportunity For Sale

      Renovated restaurant in high-traffic location with dining room and bar.
      62375 Main Rd, Southold, NY 11971
      View Details

    FAQs

    What type of property is this?
    Restaurant - Renovated restaurant in high-traffic location, ready for your concept.
    Where is this restaurant located?
    The property is located at 62375 Main Rd Southold, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Prime, high‑traffic location in an up‑and‑coming commercial area.; Turnkey and move‑in ready, minimizing startup time and costs.; Fully equipped commercial kitchen suitable for diverse menu concepts.
    (631) 461-2268
    We can help!
    Listing Contact
    Colin McCarthy C2EX
    Colin McCarthy C2EX
    Real Estate License ID: 31MC0791905
    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
    62375 Main Rd, Southold, NY 11971
    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!