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$300,000
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Property Description
RARE OPPORTUNITY to acquire one of the HAMPTONS most popular and longest running traditional Italian Ristorante in the HAMPTONS! - ORIGINAL OWNER RETIRING after ~50+ years of successful business in the same Hampton Bays township - housing the highest year round residents in the HAMPTONS - in addition to voluminous Seasonal and Shoreline visitors. Traditional Recipes (imported direct from Italy) have made this HAMPTONS destination a "must visit" to both locals and tourists alike. Restaurant is located on direct Commuter and Pedestrian Corridor, with prime signage on more than 3 separate locations and on both MAIN ST. and PONQUOGUE AVE, - two of the heaviest traveled V.P.D. corridors East of the Shinnecock Canal. In addition, establishment is directly across from GOOD GROUND RD. which includes MTA LIRR Station - which also is the site of the HAMPTONS SAN GENNARO FEAST, CAR SHOWS, the HAMPTONS CARNIVAL and MANY other TOWN of SOUTHAMPTON SPONSORED EVENTS (See schedule). Also adjacent to TOWN of SOUTHAMPTON OFFICES. Traditional interior with over ~2,000 Sq. Ft. of well lit, interior dining space. Restaurant delivered with Full turn key kitchen, lighted display cases, P.O.S. Systems and Multiple Ovens - including a BRICK OVEN for pastries or other samplings. Fine Linens included for windowed formal Dining Room. Many preferred vendor accounts with area SCHOOLS, BUSINESS' and AREA EVENTS & CONCERTS. NEW GOOD GROUND PARK (w/ Bandshell) is 2 min. away, with new expansion planned! No Advertising or Marketing Plan currently exists. Below Market long term lease. Parking for over 180 Vehicles. ** OWNER FINANCING AVAILABLE - CALL FOR DETAILS
Full Property Details
Full Property Details for 42 E Montauk Hwy #7
General
- Sold For: $300,000
- Status: Closed
- Type: Business
- Source: Long_Island
- MLS ID: L3452174
- Added to Site: 1, 165 day(s) ago
Business
- Name: Uncle Joe's Italian Restaurant
- Business Type: Restaurant
- Years in Business: 50
- Seating Capacity: 65
Parking
- Total Spaces: 180
Location
- County: Suffolk
- Township: Southampton
- Cross Streets: Ponquogue Ave.
- Driving Directions: GPS
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 2,000
- Current Bldg. Use: Food Service
Listed and Sold by Hampton Estates Realty LLC
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Schools
Schools serving 42 E Montauk Hwy #7
School District:Hampton Bays Union Free School District
| Name | Grades | Distance |
|---|---|---|
Hampton Bays Elementary School 72 Ponquogue Avenue, Hampton Bays, NY 11946 | K-4 | 0.6 mi |
Hampton Bays Middle School 70 Ponquogue Avenue, Hampton Bays, NY 11946 | 5-8 | 0.6 mi |
Hampton Bays Secondary School 88 Argonne Road East, Hampton Bays, NY 11946 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 42 E Montauk Hwy #7
Date
Details
Price
Change
Source
6/08/2023
Sold
$300,000
-24.81%
MLS
1/12/2023
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
42 E Montauk Hwy #7, Hampton Bays, NY 11946 (MLS# L3452174) is a Business property that was sold at $300,000 on June 08, 2023. Want to learn more about 42 E Montauk Hwy #7? Do you have questions about finding other Business real estate for sale in Hampton Bays? You can browse all Hampton Bays real estate or contact a Coldwell Banker agent to request more information.
