East Hampton Hospitality for Sale - Eastern Suffolk
THE MILL HOUSE INN: A RARE OPPORTUNITY TO OWN EAST HAMPTON'S 'ART OF HOSPITALITY'
Situated in the heart of East Hampton Village, this Boutique Hotel assemblage - consisting of the Main Inn and a rear Residential Guest House - is being offered as a full package to the discerning Hamptons commercial investor. Originally constructed in the late 18th century, The Mill House Inn is one of only 5 Inns in the Village of East Hampton, of which there will never be more. The property showcases a 6,000 SF three-story main house that has been accommodating guests since the early 1900s, as well as an 4,000 SF home that was added as a compliment. Located at 31 and 33 North Main Street, the contiguous parcels total just over 11,000 SF on 1.14 Acres, each with its own Certificate of Occupancy. Although classic in style, the buildings have undergone expansion and major renovation multiple times over the past 130 years. What does remain of the original Parsons 1790 Cape Cod 'Saltbox' and the Lynch 1890 expansion that resulted in the Gambrel-style home at 31 North Main Street is the historical integrity of the property. In 2002 MHI acquired the contiguous property at 33 North Main Street and in 2005 the residence was completely gutted and rebuilt. Spacious living quarters with mahogany decks, wet bars, fireplaces, spa-style bathrooms with double air baths plus glass, marble & slate double showers were the focus of this rebuild. A 2,000 SF addition to the back house resulted in two apartments which may well comprise the nicest Innkeepers Quarters in the Lodging Industry. The Mill House Inn is truly the Heart of the Hamptons, with its central location in East Hampton Village and incredible proximity to world-class dining, shopping, entertainment, and beaches; there is little doubt that the geography supports this fact. Along with its premier location, the Inn's unique brand of hospitality has captured the hearts of a very loyal global clientele. With the appreciation of real estate in East Hampton Village surging and the lodging market exceedingly strong, this unique investment property allows a new owner to diversify their financial portfolio in a very special manner, a strong component of which would be residence in the farm, wine and beach community of the Hamptons. Overall, this is an extremely desirable high caliber opportunity, both from the value of the land and the scarcity of commercial offerings on the East End. Whether this be for a new Boutique Hotel, the unique dining experience of a Chef-Restauranteur, the further extension of a Lifestyle Brand, a Compound, Corporate Retreat, or a specific Investment Growth Opportunity, the properties of The Mill House Inn present an extra special acquisition in the Village of East Hampton.
