685 Old Montauk Highway, Montauk

OCEANFRONT INN AND RESTAURANT MONTAUK

Saunders.com | HamptonsRealEstate.com 2287

montauk highway, bridgehampton

(631) 537-5454

Oceanfront hospitality opportunity in Montauk! Surfside Inn and Restaurant located overlooking the ocean just outside the town of Montauk is now available for sale. One of the few oceanfront dining rooms in the Hamptons, this unique opportunity offers panoramic views of the Atlantic Ocean with a beach located just across the street from the inn. This long established restaurant and Inn truly offers a one of a kind opportunity with 11 rooms and 70 seats with oceanfront dining.

685OldMontaukHighway.com | Exclusive $4,395,000 | Web# 728289

Lee V. Minetree Licensed Associate Real Estate Broker

Cell: (516) 729-7963 LMinetree@Saunders.com

PROPERTY SPECIFICATIONS Occupancy: non-conforming • C of O – 11 Rooms • Fire Department Occupancy – 106 • Parking 40+

Operation: • Present owners operate business 4 ½ months per year, reduced from 12 months (Age and Preferences) • Dinner: 6 nights (Closed Wednesday) • Hours: 5:00pm – 10:00pm • Brunch Sunday: July-August

• Restaurant – (Inside) Seats 60 +

(outside patio) 25+ / 35 Building: • 5100 sq. feet – 3 Story • Roof – 8 years old • Computer Boiler • Storage – Walk in Cooler / Freezer • Wine Cellar • Storage Basement • 5 Rooms 2nd Floor (5 baths) • 6 Rooms 3rd Floor (2 Baths) • Full Bar • Modern Kitchen • Well Water (Well 6 Years Old) • Septic System ( 8)

ADDENDUM • 2011 new well installed • 2010 new roof • 2009 rental rooms furnished • 2010 new computerized boiler – propane gas • 2009 new windows & doors (3rd floor) • 2009 new bathrooms (2nd floor) • 2013 new kitchen installed A) Floor B) Drains C) Exhaust fans

• 2009 new stoves with 10 burners, 2 fryers • 2013 new restaurant computer • 2019 new refrigerator compressor (for walk in refrigerator in the storage building in rear of property (see survey)

Lot: • .43 Acres • Unobstructed View of Ocean

D) Equipment E) Electrical

• Restaurant sits 70 inside • East Hampton fire department capacity restaurant is 104 • No Violations – Fire dept. health dept. 2012 • Real Estate Taxes $9,500 approx.

• Open June, July, August, September (ONLY) • Dinner – 6 nights 5:00pm – 10pm

Trip Advisor (4 ½ star) • Brunch – Sunday: July/ August Basement: • Computer propane boiler • Hot H20 system • Draft Beer System • Compressors for kitchen equipment • Storage for kitchen and dining room • Wine cellar • Ice makers

EBITA to be provided by the Corporation Accountant to Accountant representing prospective buyer including the following:

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Depreciation Real estate tax $9,500 Repair & Maintenance Insurance Utilities Credit card discount Labor Advertising and promotion Amortization Interest

Condition / Maintenance of Bldg. – Excellent condition and well maintained Additional Information:

1. No violations – fire dept. 2019

2. All permits in place & up to date 2019

3. No liquor law violations

4. Owner occupied 3rd floor (rental

estimates 75M to 90M yr.

5. Septic system in front parking lot

under steel sovers (per survey)

685 Old Montauk Highway, Montauk Web ID#: 728289

Built: 1922

Tax Map #:

Acreage: .43+/-

0300-071.00-02.00-007.000

Features: Ocean View, Inn and

Style: 3-Story Inn & Restaurant

Resturant, 11 Rooms, Dining Room

Sq. Ft.: 5,100 /-

Seats 70 with Oceanfront Views

Bedrooms: 11

Taxes: $9,700

Baths: 9

Price: $4,395,000

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Lee V. Minetree Licensed Associate Real Estate Broker Cell: (516) 729-7963 LMinetree@Saunders.com

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any descriptions, measurements, square footages or acreage and should not be relied upon as such. All information herein should be confirmed by the customer. All rights to all content, including but not limited to photographs, videos and other graphics, are reserved exclusively to the Broker who supplied such listing content. All advertising in this publication is subject to the Federal Fair Housing Act. “Saunders, A Higher Form of Realty” is registered in the U.S. Patent and Trademark Office.