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Hotel Fish & Lounge 87 North Rd 3,400 SF 50% Leased Retail Building Hampton Bays, NY 11946 $3,499,000 ($1,029.12/SF)
Investment Highlights
- ˜3,400 SF mixed-use building with 1,700 SF wet-use commercial space and 1,700 SF residential above
- Additional ˜1,800 SF detached back house increasing total rentable footprint
- Fully income-producing asset with multiple revenue streams across residential and commercial uses
- 8 income-generating apartment units plus a separate 3-bedroom house for diversified rental streams
- Situated on a 0.31-acre lot offering scale, flexibility, and potential future development
- Strong cash flow opportunity with long-term upside for investors seeking stability and value-add potential
Executive Summary
Exceptional opportunity to own a fully income-producing mixed-use property situated on .31 acres. This versatile asset features approximately 1,700 SF of wet-use commercial space on the ground level, ideal for a variety of business uses, with an additional 1,700 SF of residential space above and an 1800 sf back house The residential component includes a total of 8 apartments plus a separate 3-bedroom house, offering multiple streams of rental income and strong long-term investment potential. Property Highlights • Mixed-use investment property • Approx. 1,700 SF wet-use commercial space • Approx. 1,700 SF residential space above • Approx 1,800 SF Back house • 8 income-producing apartments • Separate 3-bedroom house • Situated on .31-acre lot • Multiple income streams • Strong rental potential • Ideal for investors seeking cash flow and upside Whether you're expanding your portfolio or seeking a stable income-producing asset with redevelopment or value-add potential, this property presents a rare opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,400 SF
Building Class
C
Year Built
1993
Price
$3,499,000
Price Per SF
$1,029.12
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.32 AC
Zoning
R20 - Residential development in R2 districts is limited exclusively to single-family detached houses
Parking
12 Spaces (3.53 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,700 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,700 SF | Retail | - | Now |
1st Floor
| Size |
| 1,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0900-191-00-02-00-023-000 | Improvements Assessment | $0 |
| Land Assessment | $628,900 | Total Assessment | $628,900 |
Property Taxes
Parcel Number
0900-191-00-02-00-023-000
Land Assessment
$628,900
Improvements Assessment
$0
Total Assessment
$628,900
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Hotel Fish & Lounge | 87 North Rd
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