A truly rare opportunity to own a significant hotel asset in the heart of downtown Montauk, NY, one of the premier summer resort towns on the East Coast. With over 250 ft of frontage on Montauk Hwy, the visibility and convenience of this location are paramount. Stroll directly across the street to a gorgeous ocean beach or head in the opposite direction to patronize the beloved retail stores and restaurants that the town center has to offer. With this historic community there is a constant balancing act of booming summer businesses and bucolic nature. This property presents the rare opportunity to shape the downtown district with a hotel that mixes Montauk's charm with modern accommodations. The Subject Property, known as the Sands Motel, is located at 71 S. Emerson Avenue; 79 S. Emerson Avenue; 3 S. Emery Street; 666 Montauk Highway in Suffolk County. The compound consists of a 43-room; 19,000 gross square foot hotel complex configured with three, one and two-story guest room buildings and one, small rental/operations building. All structures are located on four parcels totaling 1.16-acres. Two of the buildings contain basement spaces that are utilized for mechanical and storage space, as well as laundry services. The 71 S. Emerson Avenue building is L-shaped with an overall length of 250 feet and a width between 30 and 35 feet. The 79 S. Emerson Avenue building is rectangular-shaped with a length of 85 feet and width up to 42 feet. There is a small office/ reception building as well. Decks are located along the southern and eastern elevations of the building. Guest rooms consist of one- and two-bedroom units, each with one bathroom and 14 select units also have small to medium sized kitchens. The 666 Montauk Highway property is a 750 sq ft two-bedroom cottage with living room, kitchen and bathroom situated on the ground floor. The entire complex contains a total of 43 guest rooms that range from 150 to 360 square feet in area. There are 23 guest rooms that are each equipped with a small to medium sized kitchen. Approximately ten of the units at 71 S. Emerson Avenue have been renovated within the past ten years. Each unit features a balcony or deck. It is extremely rare to have an asset like this hit the market with such long-term family ownership. What is also extremely unique is the convenient location in downtown Montauk while still capitalizing on 360-degree water views of the Atlantic Ocean and Fort Pond. The size of this hotel along with the pool and location put it on a very short list for full-service Hamptons hospitality. Please exclusively inquire with Hamptons Commercial Real Estate Team for additional information.
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