Property profile

63 Euclid Ave Montauk, NY 11954

OFF-MARKET
Turn key restaurants
Property ID
US63-2504435
0.29 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,800-square-foot freestanding bar and restaurant is ideally situated on a main road in the vibrant heart of Montauk, New York. The property boasts a fully renovated kitchen and dining area, ready for immediate operation. The bar area is also completely updated and ready for business. Enhancements include newly landscaped outdoor dining areas, creating an immersive and inviting atmosphere for patrons. The property sits on a 0.29-acre lot and includes a separate six-bedroom staff house, offering additional leasing potential. This turnkey establishment presents a unique opportunity for an experienced restaurateur or a new venture seeking to capitalize on Montauk's thriving tourism and local community. The single-tenant occupancy ensures ease of management and control. Located in Suffolk County, New York, with a zip code of 11954, this property offers a prime location for a successful business. The property is categorized as retail and restaurant, specifically a bar, and is ready for immediate occupancy. The building's total square footage is 1,800 square feet, all of which is currently vacant. This presents a blank canvas for a new owner to establish their vision.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.29 ac (12,632 SF)
APN 0300-049.00-01.00-008.000
UPID US63-2504435

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
  • Restaurant

Location

63 Euclid Ave Montauk, NY 11954-5363
Montauk metro Census 201007 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2015
4 recorded transactions
2021
Price N/A
2015
$2.2M
2013
Price N/A
2010
Price N/A

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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