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Surfside Inn & Restaurant 685 Old Montauk Hwy

11 Room Hotel Montauk, NY 11954 $6,950,000 ($631,818/Room)

Investment Highlights

  • Established Restaurant / Bar / Motel
  • Proximate Beach & Downtown Access
  • Year Round Destination
  • Picturesque Ocean Views
  • Historic Old Montauk Highway

Executive Summary

Located on the historic Old Montauk Hwy, 685 Old Montauk Hwy is a rare offering of an Inn, Restaurant, & Bar with ocean views only a short distance from the Downtown of Montauk. The grandfathered use of hotel suites makes this property impossible to replicate!
The restaurant has an impressive main dining room, lounge area & bar. There is also an outdoor dining/ deck area with covered porches & picturesque views for all day enjoyment. This establishment has been galvanized as a go-to hot spot by locals and tourists alike. All day, all season appeal.
The Inn occupies the second and third level of the building; boasting 11 rooms an stunning views of the ocean. Convenient access to the beach and the Downtown. Potential to reconfigure/optimize the rooms.
The 0.43-acre site also features a detached garage and front/rear parking.
A truly unique and established destination!

Property Facts

Price $6,950,000
Price Per Room $631,818
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.43 AC
Building Size 5,940 SF
No. Rooms 11
No. Stories 3
Year Built 1922
Parking Ratio 10.1/1,000 SF
Corridor Interior

Amenities

  • Balcony
  • Restaurant
  • On-Site Retail
  • Patio
  • On-Site Bar
  • Beach (direct access)
  • Destination Resort
  • Boutique/Lifestyle Hotel
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free
  • Multi-Room Suites
  • Smoke Detector

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 11 $350.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0300-071-00-02-00-007-000
Land Assessment
$800
Improvements Assessment
$8,850
Total Assessment
$9,650
  • Listing ID: 31396364

  • Date on Market: 4/2/2024

  • Last Updated:

  • Address: 685 Old Montauk Hwy, Montauk, NY 11954

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