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    Property profile & analytics
    OFF-MARKET Estimated value $680,000
    Turn key restaurants

    62 Montauk Hwy, Westhampton, NY 11977-1531

    4,210 SF 1.85 ac lot Built 2001
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US63-0214718
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2001
    Total area 4,210 SF
    Lot 1.85 ac (80,586 SF)
    Zoning code MTL
    APN 0900-356.00-02.00-001.005
    UPID US63-0214718
    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
    • The Ketch Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $680k
    Owner & transaction history
    Hampton Property Partners LLC · 9 yrs held
    Hampton Property Partners LLC
    since 2016
    4 recorded transactions
    2018
    2016
    $1.3M
    2006
    $1.2M
    1969
    Zoning & alternative use
    MTL · Westhampton, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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