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    OFF-MARKET
    Turn key restaurants

    685 Old Montauk Hwy, Montauk, NY 11954-5000

    0.37 ac lot
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US63-0399092
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Lot 0.37 ac (16,117 SF)
    APN 0300-071.00-02.00-007.000
    UPID US63-0399092
    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
    • Surfside Inn Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    70th Street Trading Corp · 7 yrs held
    70th Street Trading Corp
    since 2018
    3 recorded transactions
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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