Lido Resort among four Montauk establishments on the market

New York /
Jun.June 16, 2011 12:19 PM
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Clockwise from top left: Lido Resort at 5 South Emery St., 781 Montauk Hway, 548 West Lake Drive and Salivar’s Restaurant and Bar at 470 West Lake Drive

If you’re looking to run a restaurant or hotel in Montauk, now might be the perfect time to jump on a commercial acquisition, according to Curbed. There’s the renovated property at 548 West Lake Drive in Montauk with 10 units, a 1,200-square-foot restaurant and bar, and 27 parking spots listed by Brown Harris Stevens that’s asking $2.95 million. The Lido Resort at 5 South Emery Street is another Brown Harris Stevens listing that offers an opportunity to run a motel. The $2.675 million property sits on 2 acres, and boasts 19 units along with a pool. Two more eateries could be had — the $3.95 million Salivar’s Restaurant and Bar property at 470 West Lake Drive or $1.8 million commercial strip at 781 Montauk Highway. Town & Country Real Estate is listing both properties. The restaurant and bar has about 3,700 square feet of space with water views, while the 2,800-square-foot commercial property has two separate entrances — one designed for food and the other designed for merchandise retail. Montauk’s famous East Deck Motel is also on the market for $20 million. Chris Coleman of Corcoran Group has the listing [Curbed]


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