This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
15 Prospect St
6,213 SF of Retail Space Available in Southampton, NY 11968
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,213 SF | Negotiable | $38.63 /SF/YR $3.22 /SF/MO $240,008 /YR $20,001 /MO | Triple Net (NNN) |
1st Floor
Sensational Restaurant Venue Southampton Village Stunner - Exceptional
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- High End Trophy Space
- Anchor Space
- Central Air and Heating
- Kitchen
- Private Restrooms
- Freezer Space
- Wi-Fi Connectivity
- Fully Carpeted
- Security System
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
- Exposed Ceiling
- Secure Storage
- Emergency Lighting
- After Hours HVAC Available
- Shower Facilities
- Basement
- DDA Compliant
- Hardwood Floors
- Yard
- Activity License
- Ventilation - Venting
- Smoke Detector
- Wheelchair Accessible
- Central Village Location
- Freestanding Restaurant Building
- Extensive Grounds For Events
- Absolutely Stunning Restaurant Build Out
- Private Service Areas
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 15 Prospect St , Southampton, NY 11968
| Property Type | Retail | Year Built | 1984 |
| Property Subtype | Restaurant | Parking Ratio | 3.29/1,000 SF |
| Gross Leasable Area | 8,200 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 8,200 SF |
| Year Built | 1984 |
| Parking Ratio | 3.29/1,000 SF |
About the Property
Three Dining Rooms, Full Bar, Four Private Parlors, Lounge, Kitchen & Basement Situated south of the Highway in the Village, 15 Prospect St has established itself as one of the most preeminent hospitality venues in the Hamptons. After an extensive renovation in 2021, the 6,213sf restaurant exudes luxury appeal, expert design, and efficient layout. The 1.58-acre also boasts the parking, outdoor seating, & entertainment space to offer high volume service and events. The two story restaurant is deceptively large, yet has a natural flow. The front reception leads into an open room with a full service bar and the first dining room. The end of this dining room opens to two additional dining rooms; the right being private dining with folding glass walls and the left being the main dining room - a wide room with full windows, piano, & high ceilings. This main dining room bleeds into the lounge area equipped with a fire place, couch seating, and a billiards table. Rounding out the first floor is a series of bathrooms and a full service kitchen. Outside there is a covered dining patio, an extended stone patio, and extensive lawns to host gatherings or a tent for events. The second floor has four private parlor rooms each boasting a unique design style and set of offerings. The pinnacle of luxury! A series of staircases lead down to a full, partially finished basement for storage. The property also has a two-story cottage. Key Money Asking Price: $350,000 Base Rent: $240,000 + $25,000 NNN Seasonal Lease: $200,000 + NNN Inquire with the Hamptons Commercial RE Team for additional information.
- Restaurant
Nearby Major Retailers
Presented by
15 Prospect St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.