Three Motels Are For Sale in Montauk and Need New Life

Over in Montauk, there are three hotels that are for sale that might be of interest to a real estate investor who is looking to buy some commercial real estate in the Hamptons. The Sail Inn is for sale, as well as the Lido Motel and Daunt’s Albatross West Motel. Have a look below.

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The Lido Motel, Listed for $2,900,000 with Martha Greene Real Estate

The Lido Motel is a well established motel operation located in the heart of down town offering 19 units with additional owner apartment, beautiful grounds, ample parking, and waterside pool. A truly turn key hotel right in the midst of Montauk just steps to ocean beaches, shops, restaurants, and all things Montauk.

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The Sail Inn of Montauk, Listed for $2,900,000 with Saunders

The Sail Inn of Montauk is a 5,000+/- sq. ft. hotel, restaurant, and bar located in Montauk Harbor near world class fishing and surfcasting. The hotel has ten guest rooms, each approximately 400+/- sq. ft. in size. Four rooms have views of Block Island Sound, and three rooms have Jacuzzis. The restaurant and bar have indoor and outdoor seating for 50 guests, a well equipped kitchen, and ample parking. A wonderful commercial investment opportunity.

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Daunt’s Albatross West Motel, Listed with Brown Harris Stevens for $3,900,000

Investment opportunity. The Albatross West Motel sits on.38 prime real estate, south of the highway in the CB district of Montauk. Zoned Resort, and 200 yards from the Atlantic Ocean this motel is 2 stories with 20 units with an additional separate Manager apartment and office. Montauk is known for a spirited fishing and surfing culture. New chic, high end clubs and hotels have become very popular over the past 5 years, solidifying the perception of Montauk as a vacation destination.

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