17 Unit Hampton's Resort w/ Pool & Tennis & Owner 3 BDRM/2 BA Residence/Office *Owner Financing

For Sale Owner Financing/Retirement Sale

177 W Montauk Hwy, Hampton Bays, NY 11946

  • Hotel & Motel
  • Economy/Limited Service

Learn everything you need to know about 17 Unit Hampton's Resort w/ Pool & Tennis & Owner 3 BDRM/2 BA Residence/Office *Owner Financing with CommercialCafé! We offer extensive information on space availability, rental rates, and the structural characteristics of this Hotel & Motel property. Brokered by Hampton Estates Realty this property is currently off the market.

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Details

  • Sale Price Owner Financing/Retirement Sale
  • Address 177 W Montauk Hwy, Hampton Bays, NY 11946
  • City Hampton Bays
  • Zip Code 11946
  • Market Long Island
  • Property Type Hotel & Motel
  • Property Subtype Economy/Limited Service
  • Property Status Existing
  • Building Size 131,551 Sqft
  • Lot Size 3 Acre
  • Building Class B
  • Year Built 1978
  • Year Renovated 2014

Description

Price $3,385,000 Commission Split 2%
No. Rooms 17 Average Occupancy 95%
Building Size 9,860 SF No. Stories 1
Price/Room $199,117.65 Year Built 1978
Property Type Hotel & Motel Corridor Exterior
Property Sub-type Economy/Limited Service Lot Size 3 AC
Property Use Type Business For Sale Zoning Description HO/Pre Existing Non Conforming
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Claim your piece of the exclusive Hampton's Hotelier Market  SEE:  www.gobowens.com


-Claim your piece f the exclusive Hamptons Hotelier Market    SEE www.gobowens.com
Family run operated *SEASONALLY ONLY* for 15 Weeks in Summer! Owner retiring after 25 years of unblemished success. 
-Unrealized Growth/Marketshare by:
-Y/r Operation
-Revenue and Expense Targets
Market Demand Opportunities
Branding Opportunities
Competitive Opportunities

*Can be operated year round. NO RESTRICTIONS!

*Possible Owner Financing. Call for Details*

16 units plus 2 Bedroom House;Garage and Office - mix of High End, Theme Oriented Cottages and Motel Rooms located on 3 full acres of Prime Commercial Highway Property in the Hampton's. All in excellent condition.

-No (Zero) deferred maintenance or renovations needed

Zagat TopRated and 4.Trip Advisers Top Rated Hampton's destinations

Property includes USTA Lighted Tennis Court; Inground Pool and Waterfall; Putting Green; Children Playground; Individualized Outdoor Grills; Shuffle Board; Dog Friendly Stations;Walking Paths.

Includes 2 Bedroom House with Fireplace and Office for Reservations. 2.5 Garage/Caretaker Bldg. 
-High Gross; Low overhead & Owner Operated ability make this opportunity a lifestyle dream

Located in Hampton Bays, described in The Wall Street Journal as "..the best value point at half million in the Hamptons.." Town Redevelopment slated for 2018 with Downtown Re Development and Waterfront Mixed Residential/Retail currently pending. 

3 Prime Highway Commercial Acres with 3 curb cuts;Private Parking.& Check in Parking; Signalized Intersection Egress; New Town Sidewalks;New Automated Crosswalk Signals; High Traffic and V.P.D. with Full East/West Signage Exposure.

Future redevelopment potential and Town Planning Document on File. Call for Additional Details.

Limited Market Competition and AirBnb ousted. Limited inventory of short term area Rentals. U.S Open 2018!

Highlights

  • Parking Type - Reserved
  • Parking Ratio - 3.00 / 1,000 SF
  • Construction Type - Frame and Masonry
  • Property Tenancy - Multi-Tenant
  • 20 x 40 InGround Pool
  • 9 Hotel Units
  • 7 Cottages w/ Covered Porches (1 & 2 Bedrooms)
  • 9 Hotel Units (Singles;Doubles and 1 Bedroom Full Kitchen/Dining Suite)
  • 20 x 40 In Ground Pool
  • USTA Sunken & Lighted Tennis Court
  • Koi Ponds & Waterfall
  • Laundry Room
  • 7 Cottages w/ Covered Porches (1 & 2 Bedrooms) Private Grills/Picnic Tables
  • 9 Hotel Units (Singles;Doubles and 1 Bedroom Full Kitchen/Dining Suite) Pet Friendly Establishment
  • 20 x 40 Lighted In Ground Pool
  • 2 .5 Car Garage/Caretakers Bldg
  • (1) 3 Bedroom/2 Bath House w/ Separate Check -in Office
  • 20 x 40 Lighted In Ground Pool & Patio
  • Children's Playground / Putting Green / Shuffleboard /
  • Koi Pond w/Waterfalls
  • Private Parking
  • 9 Boutique Hotel Units (Singles;Doubles and 1 Bedroom Full Kitchen/Dining Suite) Pet Friendly Establishment

Hampton Bays Demographics

Population

  • Total Population14,040
  • Male Population(51.4 %) 7,222
  • Female Population(48.6 %) 6,818
  • Percent Change Since 200011.3 %
  • Percent Change Since 20100.9 %
  • Median Age38.84

Income/Financial

  • Average Household Income$93,663
  • Median Household Income$64,451
  • Median Income Under 25$38,375
  • Median Income 25-44$56,197
  • Median Income 45-64$78,180
  • Median Income Over 65$57,564
  • Percent Increase/Decrease in Income Since 200028.0 %
  • Percent Increase/Decrease in Income Since 20105.0 %
  • Average Household Net Worth$685,314
  • Median Home Sale Price$345,000
  • Sales Tax Rate8.6 %
  • Sales Tax TypeCO
  • Average Household Total Expenditure$66,971

Other Amenities

  • AirportLong Island MacArthur (31 miles)
  • Junior CollegeSUFFOLK COUNTY COMM COLLEGE-EASTERN (9 miles)
  • UniversityLONG ISLAND UNIVERSITY AT RIVERHEAD (9 miles)
  • Sports TeamNew Britain Rock Cats (55 miles)
See more Hampton Bays Demographics data

Attachments

Property Contact

Management Company

Hampton Estates Realty