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    OFF-MARKET Estimated value $880,000
    Turn key restaurants

    59 Montauk Hwy, Westhampton, NY 11977-1511

    5,714 SF 1.5 ac lot Built 1984
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US63-2864653
    Property summary
    AI-generated overview

    This exceptional mixed-use property presents a rare investment opportunity on the market for the first time in its history. Located at 59 Montauk Highway in Westhampton, NY, this unique offering encompasses approximately 1.5 waterfront acres with roughly 232 feet of frontage on Beaver Dam Creek. The centerpiece is Casa Basso, a well-established Italian restaurant operating continuously since its inception 91 years ago. The current owner, who acquired the business in 1986, is now offering this turnkey operation for sale. Adding significant value is a captivating castle, constructed in 1906 by renowned sculptor and potter Theophilus Brouwer, whose works are included in the Smithsonian's permanent collection. This historic structure features ground floor retail space ideally suited for the restaurant's continued operation or alternative commercial ventures. The upper two floors comprise residential studios, each boasting breathtaking waterfront views. The property's Highway Business zoning allows for a variety of uses, making it an attractive proposition for both seasoned investors and those seeking a unique blend of commercial and residential potential. This is a truly one-of-a-kind opportunity to acquire a piece of Westhampton's rich history and vibrant culinary scene. The asking price is $4,500,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1984
    Total area 5,714 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code HB
    APN 0900-356.00-02.00-004.004
    UPID US63-2864653
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SimplifyIT Electronics & Wireless Store
    • Casa Basso Restaurant
    • Jerri's Cakery & Confections Inc. Bakery Specialty Food Shop
    • JerriCakesdotcom Bakery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $880k
    Owner & transaction history
    Southampton Town Of · 1 yrs held
    Southampton Town Of
    since 2025
    1 recorded transaction
    2025
    $4.0M
    Zoning & alternative use
    HB · Westhampton, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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