470 W Lake Drive, Montauk, NY 11954$3,950,000
Montauk has a few treasured landmarks. Salivars Restaurant and Bar has always been considered one of those Landmarks. This business has thrived as a family owned and operated establishment for over 54 years as a community hub for locals and tourists combined. It is located in the heart of the Montauk docks and has been a fixture there since the mid 1940's. Known well as the only place in Montauk where you can get a drink and food 24 hours a day, this spot is a breakfast, lunch and dinner favorite for all. It is a Montauk landmark and institution. Now it has recently become available on the market since 1957 for sale or lease. This restaurant is special - it has location, seating capacity, is well established and has six dock slips that can accommodate up to a 65 foot size boat, and lots of potential for the next business owner that will occupy this landmark. This establishment has 53 seats inside and 85 seats on the outside patio overlooking the water with the potential for more seating outside. Owner financing is an option. Lots of potential. The lease price is open to negotiations based on the potential tenant's proposal for improvements + use. Call for more details.