59 Montauk Hwy Southampton, NY 11968

Property Details for 59 Montauk Hwy

Property type

Commercial real estate

Description

A rare opportunity awaits with the sale of Casa Basso, a renowned Italian restaurant operating continuously for 91 years. This exceptional property, offered for the first time on the open market, sits on approximately 1.5 waterfront acres with approximately 232 feet of frontage on Beaver Dam Creek in Southampton, NY. The current owner, who acquired the business in 1986, is now offering this unique investment. The property's centerpiece is a captivating castle, constructed in 1906 by renowned sculptor and potter Theophilus Brouwer, whose works grace the Smithsonian's permanent collection. This architectural gem boasts ground floor retail space ideally suited for the restaurant's continued operation, complemented by residential studios on the second and third floors, each offering breathtaking waterfront views. The Highway Business zoning allows for diverse operational possibilities. This turnkey establishment presents a compelling blend of historical significance, prime waterfront location, and established business operations, making it an exceptional investment opportunity. The property's extensive waterfront access and picturesque setting provide an unparalleled ambiance for both dining and residential use. This is a chance to own a piece of Southampton's rich history and vibrant culinary scene. The asking price is $4,500,000.

Location Insight

City

Southampton

County

Suffolk County

State

New York

Longitude

-72.4298

Latitude

40.8852