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15 Prospect St 8,200 SF 24% Leased Retail Building Southampton, NY 11968 $5,250,000 ($640.24/SF)

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EXECUTIVE SUMMARY

Formerly hosting some of the most preeminent restaurants in Southampton Village, this iconic space has over 200 seats with 3 dining rooms, a full bar, 4 private parlors, a full bar, 4 private parlors, a lounge, full kitchen, and basement storage. Renovated in 2021, the 6,213 +/- sq. ft. restaurant exudes luxury appeal, expert design and efficient layout. Located on 1.5 acres, there is ample parking, outdoor seating and entertaining space to offer high-volume service and events. This large 2-story restaurant feels larger than its footprint and has a natural flow inside. 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; a private dining with folding glass walls and the main dining room. This space is full of windows with high ceilings, a piano, and connects to a lounge area with fireplace, couch seating, and billiards table. The first floor includes a series of bathrooms and a full-service kitchen. Upstairs, find four private parlor rooms, each boasting unique aesthetics and offerings. Outside is a covered dining patio, extended stone patio, and extensive lawns to host gatherings or a tent for events.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,200 SF
Building Class
C
Year Built
1984
Price
$5,250,000
Price Per SF
$640.24
Percent Leased
24%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.12
Lot Size
1.60 AC
Zoning
Villa - Villa
Parking
27 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
243’ on Prospect St.

AMENITIES

  • Restaurant

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 6,200 SF
  • Retail
  • -
  • Now

Formerly hosting some of the most preeminent restaurants in Southampton Village, this iconic space has over 200 seats with 3 dining rooms, a full bar, 4 private parlors, a lounge, full kitchen, and basement storage. Renovated in 2021, the 6,213 +/- sq. ft. restaurant exudes luxury appeal, expert design and efficient layout. Located on 1.5 acres, there is ample parking, outdoor seating and entertaining space to offer high-volume service and events. This large 2-story restaurant feels larger than its footprint and has a natural flow inside. 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; a private dining with folding glass walls and the main dining room. This space is full of windows with high ceilings, a piano, and connects to a lounge area with fireplace, couch seating, and billiards table. The first floor includes a series of bathrooms and a full-service kitchen. Upstairs, find four private parlor rooms, each boasting unique aesthetics and offerings. Outside is a covered dining patio, extended stone patio, and extensive lawns to host gatherings or a tent for events.

Space Size Space Use Position Available
1st Floor 6,200 SF Retail - Now

1st Floor

Size
6,200 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 6,200 SF
Space Use Retail
Position -
Available Now

Formerly hosting some of the most preeminent restaurants in Southampton Village, this iconic space has over 200 seats with 3 dining rooms, a full bar, 4 private parlors, a lounge, full kitchen, and basement storage. Renovated in 2021, the 6,213 +/- sq. ft. restaurant exudes luxury appeal, expert design and efficient layout. Located on 1.5 acres, there is ample parking, outdoor seating and entertaining space to offer high-volume service and events. This large 2-story restaurant feels larger than its footprint and has a natural flow inside. 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; a private dining with folding glass walls and the main dining room. This space is full of windows with high ceilings, a piano, and connects to a lounge area with fireplace, couch seating, and billiards table. The first floor includes a series of bathrooms and a full-service kitchen. Upstairs, find four private parlor rooms, each boasting unique aesthetics and offerings. Outside is a covered dining patio, extended stone patio, and extensive lawns to host gatherings or a tent for events.

NEARBY MAJOR RETAILERS

Dime Community Bank
Bank of America
CrossFit
WW (Weight Watchers)
Stop & Shop
Capital One
Webster Bank
Wells Fargo Bank
U.S. Bank
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0904-005-00-02-00-027-000
Land Assessment
$902,300
Improvements Assessment
$1,520,100
Total Assessment
$2,422,400
  • Listing ID: 34425068

  • Date on Market: 1/9/2025

  • Last Updated:

  • Address: 15 Prospect St, Southampton, NY 11968

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