685 Old Montauk Hwy, Montauk, NY 11954-5000
This exceptional Montauk property, situated on 0.42 acres of land at 685 Old Montauk Highway, presents a rare investment opportunity. The established business includes a thriving restaurant, bar, and an 11-room inn, all enjoying stunning ocean views. The restaurant boasts a spacious main dining area, a comfortable lounge, a full bar, and an inviting outdoor dining deck with covered porches, providing picturesque views throughout the day. Its popularity with both locals and tourists ensures consistent all-season appeal. The inn, located on the second and third floors, offers 11 rooms with breathtaking ocean vistas. Convenient access to the beach and downtown Montauk adds to its desirability. The property also includes a detached garage and ample front and rear parking. The existing hotel suites benefit from a grandfathered use, making this a truly unique and irreplaceable establishment. The property offers potential for reconfiguration and optimization of the inn's rooms to further enhance its profitability. This turnkey operation is a remarkable opportunity to acquire a well-established and highly sought-after destination in the heart of Montauk.
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Surfside Inn Hotel & Motel
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.