Two East Hampton restaurants are up for sale

Waterfront property asks $4.6M, historic bar asking $250K

Tri-State /
Sep.September 13, 2021 05:32 PM
The Springs Tavern (Compass)

The Springs Tavern (Compass)

A restaurant on 4.3 acres of waterfront property is up for sale in East Hampton.

Located at 313 Three Mile Harbor Road, the property is asking $4.6 million.

The East Hampton restaurant compound (Compass)

The East Hampton restaurant compound (Compass)

The building includes an expansive bar, indoor dining room, large commercial kitchen and a full basement for storage. Additionally, there is a swimming pool and an indoor/outdoor dining room with roll up marine glass windows and walls that can seat 165.

Jeffrey Sztorc and Hal Zwick of Compass have the listing.

Sztorc and Zwick also have the listing for Springs Tavern, a historic bar and restaurant in East Hampton. Located at 15 Fort Pond Blvd, the property seats 120. The asking price is $250,000, with the buyer taking over the long term lease that is in place. The building dates back to the 20th century and has served as home to a few different bars since its opening.

In the past year, Hamptons restaurants and retailers have seen the East End transform into a year-round community as New York City residents flock to the area amid the pandemic. Businesses have similarly rushed to open up shop, making it difficult to find real estate.

Though this summer saw homebuying slow in the area as compared to rates recorded at the height of the pandemic, prices remained high. In Suffolk County, the median home price hit $535,000 in August, setting a record high as buyers snatch up homes amid a lack of inventory.





    Related Articles

    arrow_forward_ios
    The Centre at Purchase at 1, 2, 3, 4 Manhattanville Road with George Comfort & Sons CEO Peter Duncan (George Comfort & Sons)
    Westchester office park owned by George Comfort & Sons slated for auction
    Westchester office park owned by George Comfort & Sons slated for auction
    Attorney General Letitia James and A&E Real Estate CEO James Patchett (Getty, iStock)
    A&E pays just $510K in lead-paint settlement
    A&E pays just $510K in lead-paint settlement
    Seeding from recapitalization of 25 health care properties
    KKR, Cornerstone in $1B JV to develop health care facilities
    KKR, Cornerstone in $1B JV to develop health care facilities
    The Broadway location of Halloween Adventure (Facebook via New York Costumes / Halloween Adventure)
    Halloween Adventure to vacate East Village home as retail condo hits market
    Halloween Adventure to vacate East Village home as retail condo hits market
    Bluerock Residential CEO Robert Ramin Kamfar (Owler)
    NY-based multifamily REIT Bluerock explores sale
    NY-based multifamily REIT Bluerock explores sale
    (Getty)
    Homeowners declare final victory in fight over Amagansett “Truck Beach”
    Homeowners declare final victory in fight over Amagansett “Truck Beach”
    Two more rent law challenges tossed, landlords reserve hope in appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    LVMH Chairman and CEO Bernard Arnault (right), Dacra CEO Craig Robins and the Louis Vuitton store in Miami’s Design District
    Making it rain in Miami’s Design District
    Making it rain in Miami’s Design District
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...