Property Listing No Longer Available for Sale

177 W Montauk Hwy, Hampton Bays, NY

Motel for Sale - $2,999,000 - 9,652 Sq. Ft. on 3 acres


Property Info

CIMLS#957239
Location
  177 W Montauk Hwy
  Hampton Bays NY 11946
UpdatedJanuary 25th, 2018
TypeMotel
Price$2,999,000
Building9,652 Sq. Ft.
Land3 acres

Property Description

Highlights

- Recently Reduced $$--Retirement Sale

- Consecutive Trip Advisers 4.5 Star Rated

East End Long Island Resort

- Ranked #2 Hotel Destination in Hampton's

- Priced Below Land & Buildings Replacement

Cost! Business is a gift!

- 17 Unit seasonal Resort

- Can be operated Year Round Tenancy/Rentals

- Signaled entry/Signage/Sidewalks

- Rare 325' ft.Highway frontage

- Development rights intact

- Owner will hold paper long term

- U.S Open Patrons 2018 Booked

- High Traffic Commuter Location

- In Business over 25 years / Business is Scalable Beyond Belief

Property Description

*Price Reduced--Retirement Sale*

** 3 Acres Existing 17 Unit Motel/Resort. 9 Unit Motel and 7 Cottages in addition to a two bed/2 bath Residence w/ Office & Guest Check-in.

Mini Golf; Shuffleboard;USTA Tennis Court;Walking Paths. Weddings;Events etc..

Priced Below Construction Cost--Business is a gift! Operated Seasonal 15 Weeks for high NOI. Call for Details. Tremendous upside potential from fist generation Owners,

Existing 17 Unit Hamptons Seasonal Resort. Zoned Highway Bus. 30% Coverage Equals ~39,465 Sq. Ft Of Lot Coverage For Commercial Project. Planned Re Development Zone. See Town Study Attachments. Rare Large Scale Project Opportunity For Developers. Traffic Signaled Across From Existing Shopping Center.

Location Description

.25 mi. to L.I.R.R./Penn Station NYC Line. New Sidewalks/ Pedestrian corridors to Downtown Main St.Bike to World Famous Dune Rd;Beaches;Surfing;Wineries etc.. Additional 2 Bedroom House w / Lobby Office Zoned Highway Bus. 30% Coverage Equals ~39,465 Sq. Ft Of Lot Coverage For Commercial Project. Planned Re Development Zone. See Town Study Attachments. Rare Large Scale Project Opportunity For Developers. Traffic Signaled Across From Existing Shopping Center. -------------------------------------------------------------------------------- Property Description:3 Acres Existing 17 Unit Motel/Resort Commercial Development Opportunity. Directly On Montauk Highway W/ Traffic Signal At Entrance. Rare Pre Existing 17 Units; Pool; Tennis. 325 Ft Direct Highway Frontage. 24 Successful Years For End User Or Redevelopment. See Attachments Of Town Study. Excellent Financials And Upside Potential For Experienced Operator Or Re Development.


Financials