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Hotel Fish & Lounge 87 North Rd 5,200 SF Retail Building Hampton Bays, NY 11946 $5,046,125 CAD ($970.41 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Mixed Use Investment Property
  • Apartments & House Have Immense Demand
  • Become a Community Focal Point Again
  • Highly Under Retailed Market
  • Rare Boarding Designation for the Apartments

EXECUTIVE SUMMARY

Highly Visible Mixed Use Investment Property Compound in Shinnecock Hills.
Iconic Site With Multiple Income Streams – This 0.316-acre property offers a rare blend of grandfathered retail and residential spaces in an R-20 zoning. As built, the site offers ~5,200sf of space split between a front building (1,700sf wet retail unit & 1,700sf of second floor apartments) and an 1,800sf two-story back house. The site is well utilized with great potential upside.
Wet Retail Space With Back Patio & Basement – The 1,700sf wet retail space offers a clean open layout, kitchen, back patio, two bathrooms, and a basement. The interior has an 84-person occupancy with additional potential seating outside on the patio. The basement has a walk-in fridge and an ice maker with potential for conversion to prep space.
High-Demand Residential Rentals – The property’s eight efficiency apartments (four on the north side and four on the south side of the building) feature studio layouts with kitchenettes and full bathrooms, appealing to a broad tenant base and supported by consistent demand. Additionally, the detached home at 5 Bayberry Dr offers a two-story layout with a private driveway, creating even more rental income potential. The property’s Certificate of Occupancy mentions “Boarding” style apartments which allows for expanded flexibility in how the units can be rented.
Prime Accessibility & Parking – The site provides convenient parking with designated spaces for retail patrons and staff, plus ample street parking for apartment tenants. Its central position on North Rd offers easy access ideal for year-round and seasonal visitors.
This property is an ideal investment with the ability to operate as is or transform the site into a unique experience. Shinnecock Hills is underserved in retail & would patronize this business.

Asking Price: $3,650,000
Inquire with the Hamptons Commercial RE Team for additional information.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,200 SF
Building Class
C
Year Built
1993
Price
$5,046,125 CAD
Price Per SF
$970.41 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
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

1st Floor

Size 1,700 SF
Space Use Retail
Position -
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0900-191-00-02-00-023-000
Land Assessment
$881,869 CAD
Improvements Assessment
$0 CAD
Total Assessment
$881,869 CAD
  • Listing ID: 33790647

  • Date on Market: 2024-11-07

  • Last Updated:

  • Address: 87 North Rd, Hampton Bays, NY 11946

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