Property profile

412 Montauk Hwy East Quogue, NY 11942

OFF-MARKET
Turn key restaurants
Property ID
US63-1341092
1,844 SF 0.59 ac lot Built 1978
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional restaurant opportunity is located at 412 Montauk Highway in East Quogue, New York, at the highly visible intersection of Old Country Road and Montauk Highway. Boasting 1,844 square feet of retail space, including a basement, this single-story, 1984-built property sits on a 0.59-acre lot. The property is zoned R20 and benefits from a recent renovation, including a turn-key interior dining space and a newly added outdoor decking area complete with lighting, seating, and serving facilities, creating a desirable indoor/outdoor dining experience. The kitchen and exterior are in excellent condition. This high-traffic location offers unparalleled visibility, attracting significant vehicle traffic. The property's strategic position is further enhanced by its proximity to several established businesses, including Barth's Pharmacy, 7-Eleven, Hampton Fruit & Vegetable, Hamptons Shipyards, Ryder Hardware, and Planet Fitness. This turnkey restaurant presents a unique opportunity for immediate operation and significant return on investment. The asking price is $1,800,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 1,844 SF
Lot 0.59 ac (25,700 SF)
Zoning code R20
APN 0900-290.00-04.00-001.000
UPID US63-1341092

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

412 Montauk Hwy East Quogue, NY 11942-3950
East Quogue metro Census 190606 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2017
3 recorded transactions
2017
$850,000
2009
$20,397
2008
Price N/A

Zoning & alternative use

R20 · East Quogue, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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