62 Montauk Hwy, Westhampton, NY 11977-1531
This exceptional turnkey restaurant opportunity is situated on approximately 1.85 acres in the vibrant hamlet of Westhampton, New York. The property boasts a substantial 4,000 square foot building, recently renovated in 2017. This extensive renovation included a complete transformation of the dining area, a comprehensive upgrade to both indoor and outdoor bar areas, the strategic addition of a convenient takeout counter, and the installation of environmentally friendly solar panels. Further improvements encompassed the replacement of all bathrooms, flooring, windows, and doors, ensuring a modern and efficient operation. The restaurant comfortably seats 175 patrons, providing ample capacity for a thriving business. With a significant 67-space parking lot, accessibility is unparalleled, further enhanced by its convenient proximity to the Long Island Rail Road (LIRR), Hampton Jitney bus service, and Gabreski Airport. This prime location benefits from Westhampton's burgeoning popularity as both a desirable vacation destination and a sought-after year-round community, presenting a compelling investment opportunity in a high-demand market. The property is offered at $4,500,000.
-
The Ketch Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MTL · Westhampton, NYWesthampton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.