Iconic Restaurant Location in Southampton Village

44 NY-27A
Southampton NY 11968
EXCLUSIVE

Property

Ownership: Commercial
Type: Commercial
Area: 5400 sq ft

Financials

Price: $5,395,000
Annual Taxes: $8,400
Caryn Kalisky-Duffy
Licensed Real Estate Salesperson
Phone:
62 Park Place, East Hampton, NY 11937

Description

Located in the heart of Southampton Village is this warm, easygoing family owned-operated restaurant that has been serving classic Italian fare for over 45 years. It boasts a warm, comfortable and inviting ambiance. The restaurant seats 99 people inside (66 in the main restaurant and 33 on the bar/smaller restaurant side) and 36 people outside on the covered patio for the warmer weather dining. This building is two storefronts with the option to turn it into two separate restaurants or a restaurant on one side and a bar on the other (this property is eligible for a liquor license). The street-level restaurant is approx 2,250 sq ft with an additional approx 3,150 sq ft basement complete with 3 additional commercial cooking, washing and prep areas as well as a freight elevator, large walk-in refrigeration, and sizable walk-in dry goods storage area. There are a variety of excellent opportunities for whoever purchases this property. This property has been approved to build apartments or additional restaurant seating over the restaurant with an upgraded septic system. Truly an investor's dream (6% cap)!. Call today for a private showing of this iconic and well located Southampton Village restaurant.

Amenities

  • Patio

Neighborhood

More listings:

Iconic Restaurant Location in Southampton Village

Description

Located in the heart of Southampton Village is this warm, easygoing family owned-operated restaurant that has been serving classic Italian fare for over 45 years. It boasts a warm, comfortable and inviting ambiance. The restaurant seats 99 people inside (66 in the main restaurant and 33 on the bar/smaller restaurant side) and 36 people outside on the covered patio for the warmer weather dining. This building is two storefronts with the option to turn it into two separate restaurants or a restaurant on one side and a bar on the other (this property is eligible for a liquor license). The street-level restaurant is approx 2,250 sq ft with an additional approx 3,150 sq ft basement complete with 3 additional commercial cooking, washing and prep areas as well as a freight elevator, large walk-in refrigeration, and sizable walk-in dry goods storage area. There are a variety of excellent opportunities for whoever purchases this property. This property has been approved to build apartments or additional restaurant seating over the restaurant with an upgraded septic system. Truly an investor's dream (6% cap)!. Call today for a private showing of this iconic and well located Southampton Village restaurant.

Amenities

  • Patio

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.