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4 S Elmwood Ave
Montauk, NY 11954

Retail Property For Sale

Executive Summary

Prime restaurant building in vibrant Montauk, spanning 3,620 square feet and located just one block from the ocean. Surrounded by hotels, shops, and other dining establishments, this property benefits from excellent foot traffic and high visibility, making it an ideal location for your coastal culinary vision. As you enter, you're greeted by an inviting space featuring an oversized U-shaped marble bar that sets the tone for gatherings and memorable experiences. The south-facing windows flood the interior with natural light, enhancing the indoor-outdoor vibe that defines Montauk. The main area also includes a DJ booth, perfect for live music and events, alongside a beautifully designed wine closet with glass doors. The restaurant features a private dining room with banquet seating that opens to a larger dining area. This space includes oversized garage doors leading to an outdoor seating area. The layout is designed for convenience, with five bathroom stalls-each equipped with its own sink-alongside a fully equipped kitchen, prep area, and a clean, dry storage basement to support smooth operations. Upstairs, you'll find four additional rooms and a full bathroom, providing versatile options for extra storage or office use, complete with peeking views of the ocean. The entire building was updated in 2019, ensuring it's move-in ready. With a liquor license and live music permit until 4 AM, you can host lively events and offer a full bar experience, with draft beer lines and soda guns already in place. Ample parking completes this remarkable offering. Don't miss the chance to own a thriving restaurant in one of the hottest locations on the East Coast. Contact us today for more details and seize this opportunity to create a culinary destination that captures the essence of Montauk living!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,620 SF
Building Class
C
Year Built
1975
Price
$5,490,000
Price Per SF
$1,517
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.19 AC
Parking
14 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
134 FT on S Elmwood Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0300-050-00-01-00-011-000
Land Assessment
$1,150
Improvements Assessment
$13,175
Total Assessment
$14,325
  • Listing ID: 33804561

  • Date on Market: 11/8/2024

  • Last Updated:

  • Address: 4 S Elmwood Ave, Montauk, NY 11954

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