Property profile

59 Montauk Hwy Westhampton, NY 11977

OFF-MARKET
Turn key restaurants
Property ID
US63-2864653
5,714 SF 1.5 ac lot Built 1984
Individually Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store
  • Restaurant
  • Bakery Specialty Food Shop
  • Bakery Specialty Food Shop

Location

59 Montauk Hwy Westhampton, NY 11977-1511
Westhampton metro Census 190504 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k

Owner & transaction history

since 2025
1 recorded transaction
2025
$4.0M

Zoning & alternative use

HB · Westhampton, 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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