15 Prospect St
8,200 SF 100% Leased Retail Building Southampton, NY 11968 $7,923,080 CAD ($966 CAD/SF)
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
$7,923,080 CAD
Price Per SF
$966 CAD
Percent Leased
100%
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 ft on Prospect St.
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
Parcel Number | 0904-005-00-02-00-027-000 | Improvements Assessment | $2,185,296 CAD |
Land Assessment | $1,297,146 CAD | Total Assessment | $3,482,442 CAD |