15 Prospect St
Southampton, NY 11968
Property For Lease

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.