412 Montauk HwyEast Quogue, NY 11942

Property Details for 412 Montauk Hwy

Year built

1978

Lot size

0.59 AC

Property size (Sq ft)

1,844 SF

Zone code

R20

Property type

Turn key restaurants

APN

0900-290.00-04.00-001.000

APU

900290000400001000

Description

This exceptional restaurant opportunity is located at 412 Montauk Highway in East Quogue, New York, at the highly visible intersection of Old Country Road and Montauk Highway. Boasting 1,844 square feet of retail space, including a basement, this single-story, 1984-built property sits on a 0.59-acre lot. The property is zoned R20 and benefits from a recent renovation, including a turn-key interior dining space and a newly added outdoor decking area complete with lighting, seating, and serving facilities, creating a desirable indoor/outdoor dining experience. The kitchen and exterior are in excellent condition. This high-traffic location offers unparalleled visibility, attracting significant vehicle traffic. The property's strategic position is further enhanced by its proximity to several established businesses, including Barth's Pharmacy, 7-Eleven, Hampton Fruit & Vegetable, Hamptons Shipyards, Ryder Hardware, and Planet Fitness. This turnkey restaurant presents a unique opportunity for immediate operation and significant return on investment. The asking price is $1,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $385,407

  6.5%

  $355,760

  7%

  $330,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,575

  Geo Method

  $250,575

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $688,633

  Mixed-Use / Specialty

  $356,567

  Hospitality / Lodging

  $264,303

  Office

  $356,609

  Institutional / Educational

  $371,427

  Residential Income

  $434,570

  Multifamily

  $509,698

  Automotive / Energy

  $318,366

  Parking / Income-Based Land

  $107,815

  Restaurant / Food Service

  $189,881

  Healthcare / Senior Housing

  $363,525

Location Insight

City

East Quogue

County

Suffolk

State

New York

Latitude

40.8548

Longitude

-72.5693

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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