Hampton Bays, NY 11946,42 E Montauk Hwy #7

$300,000

$399,000

24.8%
Est.Price: ?

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Est. payment /mo

2,000 SqFt


SOLD DATE : 06/08/2023

Key Details

Sold Price $300,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $150

MLS Listing ID L3452174

Property Description

RARE OPPORTUNITY to acquire one of the HAMPTONS most popular and longest running traditional Italian Ristorante in the HAMPTONS! - ORIGINAL OWNER RETIRING after ~50+ years of successful business in the same Hampton Bays township - housing the highest year round residents in the HAMPTONS - in addition to voluminous Seasonal and Shoreline visitors. Traditional Recipes (imported direct from Italy) have made this HAMPTONS destination a "must visit" to both locals and tourists alike. Restaurant is located on direct Commuter and Pedestrian Corridor, with prime signage on more than 3 separate locations and on both MAIN ST. and PONQUOGUE AVE, - two of the heaviest traveled V.P.D. corridors East of the Shinnecock Canal. In addition, establishment is directly across from GOOD GROUND RD. which includes MTA LIRR Station - which also is the site of the HAMPTONS SAN GENNARO FEAST, CAR SHOWS, the HAMPTONS CARNIVAL and MANY other TOWN of SOUTHAMPTON SPONSORED EVENTS (See schedule). Also adjacent to TOWN of SOUTHAMPTON OFFICES. Traditional interior with over ~2,000 Sq. Ft. of well lit, interior dining space. Restaurant delivered with Full turn key kitchen, lighted display cases, P.O.S. Systems and Multiple Ovens - including a BRICK OVEN for pastries or other samplings. Fine Linens included for windowed formal Dining Room. Many preferred vendor accounts with area SCHOOLS, BUSINESS' and AREA EVENTS & CONCERTS. NEW GOOD GROUND PARK (w/ Bandshell) is 2 min. away, with new expansion planned! No Advertising or Marketing Plan currently exists. Below Market long term lease. Parking for over 180 Vehicles. ** OWNER FINANCING AVAILABLE - CALL FOR DETAILS, Additional information: Dining seats:65,vac_perc:0

Location

State NY

County Suffolk County

Interior

Heating Forced Air, Natural Gas

Exterior

View Skyline

Building

Story 1

Sewer Cesspool

Others

Special Listing Condition None

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Listed by Hampton Estates Realty LLC • Todd Romano CBR
Bought with Hampton Estates Realty LLC

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Luciane Serifovic

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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