281 County Road 39ASouthampton, NY 11968

Property Details for 281 County Road 39A

Year built

2001

Lot size

2.30 AC

Property size (Sq ft)

9,010 SF

Zone code

HB

Property type

Motels

APN

0900-132.00-02.00-050.001

APU

900132000200050001

Description

This exceptional 2-acre Southampton property presents a unique investment opportunity: a thriving mixed-use hotel and restaurant. Boasting 29 elegantly appointed guest rooms – including 14 Club King rooms, 12 Club Double rooms, and 3 Suites (two with King beds, one with double beds) – this establishment offers a luxurious and sophisticated experience. The property also features a stunning pool and ample parking, creating an ideal setting for upscale events and gatherings. The stylish restaurant boasts a significant seating capacity, with 80 seats indoors and an additional 35 seats outdoors, complemented by both indoor and outdoor bar areas. Each guest room exudes a "beach chic" ambiance, perfectly capturing the Hamptons' summer spirit. Its prime location, moments from Southampton Village and pristine ocean beaches, ensures high demand and consistent occupancy. The property's rich history includes previous operations under renowned brands like the Pink Elephant, Nobu, and BLT, establishing a strong reputation within the community. Currently, NAIA Hamptons operates the hotel's restaurant, outdoor bar, and vibrant pool area, hosting popular weekend pool parties featuring renowned DJs. This turnkey operation presents a rare chance to acquire a well-established and highly profitable business in one of the most desirable locations in the Hamptons. The asking price is $29,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,891,824

  6.5%

  $1,746,299

  7%

  $1,621,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,766,530

  Geo Method

  $2,766,530

• Alternative Use

  Use

  Valuation

  Residential

  $1,906,451

  Hospitality

  $1,746,299

  Educational

  $1,452,900

  Medical

  $1,502,868

  Retail

  $2,260,067

Location Insight

City

Southampton

County

Suffolk

State

New York

Latitude

40.9

Longitude

-72.3895

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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