Lido Resort among four Montauk establishments on the market

TRD New York /
Jun.June 16, 2011 12:19 PM
alternate
text
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]


Related Articles

arrow_forward_ios
Rachel Glazer (Credit: BHS)

BHS’ top Downtown agent jumps to Compass

BHS’ chief of tech, communications out amid internal shakeup

BHS’ chief of tech, communications out amid internal shakeup

Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)

“Unequivocally not selling:” BHS accuses rival of stoking sale rumors

Terra Holdings owner and co-chairman Kent Swig

Kent Swig on 10 years of recovering from the Great Recession

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

Vincent Gallo and Trump Tower (Credit: Getty Images, StreetEasy)

Actor Vincent Gallo in contract for Trump Tower condo

(Credit: iStock)

New owner of Toys R Us plans 2 store openings this year in small-scale U.S. comeback

1209 Ocean Terrace in Seaside Heights, also known as the "Jersey Shore" House - Courtesy of Booking.com

“Jersey Shore” is back — and you can fist pump in its hometown for $3K per night

arrow_forward_ios
Loading...