285 E Montauk Hwy
Hampton Bays, NY 11946
16 Unit Hotelier Opportunity - w/ Waterfront · Hospitality Property For Sale
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5,462 SF
Investment Highlights
- Buy Hotel or Residential Separate - Call For Pricing
Property Facts
Amenities
- Pool
About 285 E MONTAUK HWY , HAMPTON BAYS, NY 11946
Best Waterfront views in the Hamptons. Turn Key Opportunity. Market Barriers prohibit duplication. Develop for Condo opportunity with new condo starts in area verifiable from ~$850k to $1.2m for new construction. Wall street journal quotes Hampton Bays as "...the best deal for Hamptons Beach Resort living and vacationing". Minutes to world famous Dune Rd Beaches and Downtown attractions. National and International travelers returning with bookings in place for local attractions; Beaches;2018 US Golf Open; Wineries and area events. 3 Properties Included in Sale: - 17 Unit Motel/Hotel - Waterfront Residence (Reside or AirBnb) - Private Beachfront Land Parcel - Condo Re Development Opportunity Value Add by Food Service; Meeting Room/ Additional 2 Car Garage to develop into addt'l units Buy complete Package or Remove Residential Home and reduce price to $4,999,000 for Hotel and Beach across street
Property Taxes
| Parcel Number | 0900-231-00-01-00-036-000 | Improvements Assessment | $305,500 |
| Land Assessment | $760,100 | Total Assessment | $1,065,600 |
Property Taxes
