1399 Main Road - Hospitality FOR SALE


Riverhead, NY 11901
$6,000,000 USD
631-502-3353
1399 Main Road, Riverhead, NY for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/30
null | 8.25% Cap Rate

1399 Main Road
Riverhead, NY 11901


HIGHLIGHTS

  • Property is Strategically Located in Close Proximity to Vineyards, Wedding venues, Up-Scale restaurants, and Much More.
  • Property has 21 Rooms Plus Laundry Room and Outside Multi-Purpose Garden Area.
  • Two Separate Lodging Buildings with Convenient Exterior Corridor Access on an Extremely Busy Highway.
  • Reliable Year-Round Revenue from Wine Tourism and Event Traffic.
  • 3 Bedroom Residential House Directly Adjacent to Property also Included in Deal

OVERVIEW

Presenting a rare opportunity to acquire the Shorewood Inn, a distinguished and highly profitable hospitality property with a unique and powerful strategic position, allowing it to capture significant market share from Long Island's two premier destinations: the North Fork and the Hamptons. The Shorewood Inn serves as a central hub for the North Fork's celebrated vineyards and wedding venues, driving robust, year-round business from wine tourism and special events. Simultaneously, its close proximity allows it to attract Hamptons-bound travelers, providing access to world-class beaches and nightlife while capturing valuable overflow from the often sold-out market. This ability to draw from two distinct, high-demand regions ensures diversified revenue streams and high occupancy, establishing it as a premier asset for any investor seeking reliable returns from one of New York's most desirable destinations. 330 Washington Avenue is a residential property also included as a portfolio sale for this price. Do not visit the property without an appointment!

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$544 USD /SF

# OF ROOMS

20

PRICE/ROOM

$300,000 {currency}

CAP RATE

8.25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shorewood Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

04

APN/PARCEL ID

0600-068-00-03-00-014-000

ASK ABOUT THIS PROPERTY

Mickey AhirShorewood InnMore Info
631-502-3353

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Mickey AhirShorewood InnMore Info
631-502-3353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.