For Sale
$2,500,000

131 Montauk Hwy Hampton Bays, NY 11946

Profitable Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional fee-simple restaurant property in Hampton Bays, NY, presents a compelling investment opportunity. Located at 131 W Montauk Hwy, this 4,000 square foot, single-tenant building sits on a 0.63-acre lot and boasts ample parking (five spaces per 1,000 square feet). Currently 100% occupied by Matsulin under a net lease with a 3% annual rent bump, the lease extends until March 31, 2028, offering a remaining term of approximately 3.4 years. Built in 2001, this Class B property is strategically positioned in the heart of Hampton Bays, enjoying proximity to major retailers such as Regal Movies, King Kullen, Life Storage, Dunkin', and 7-Eleven. Its convenient location is further enhanced by its proximity to the Hampton Bays LIRR station. The asking price is $2,500,000, translating to $625 per square foot. This stabilized investment offers a strong return with a proven tenant and a desirable location. The property's size, parking availability, and prime location make it an attractive asset for discerning investors seeking a stable, income-generating property in a thriving Long Island market. The single-story building offers a straightforward operational structure. This is a rare opportunity to acquire a well-established restaurant property in a high-demand area.

Highlights

  • Fee-simple restaurant property totaling 4,000 square feet on a 0.63-acre lot.
  • Currently 100% occupied by Matsulin under a net lease.
  • Located in prime Hampton Bays, offering ample parking (5 spaces per 1,000 SF) and proximity to major retailers and the LIRR station.
  • Asking price: $2,500,000 ($625/SF).

Property Details for 131 Montauk Hwy

Property type
Retail properties, Restaurants
Square Feet
4,000 SF
Class
B
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
27,443 SF
Units
1

Location Insight

City
Hampton Bays
County
Suffolk
State
New York
Latitude
40.876430320793
Longitude
-72.530241500826

FAQs

What type of property is this?
Retail property - Profitable Restaurant, Prime Location
Where is the retail property located?
The property is located at 131 Montauk Hwy Hampton Bays, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fee-simple restaurant property totaling 4,000 square feet on a 0.63-acre lot.; Currently 100% occupied by Matsulin under a net lease.; Located in prime Hampton Bays, offering ample parking (5 spaces per 1,000 SF) and proximity to major retailers and the LIRR station.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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131 Montauk Hwy
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