Montauk restaurant property for sale for $38.5 million

A seven-acre Montauk waterfront compound that contains the Inlet Seafood Restaurant, a marina and a commercial fishing dock is for sale for $38.5 million.

 

"The unique thing about this property is the phenomenal views," said Chris Coleman, the listing agent for the Corcoran Real Estate Group, Southampton. "My gut feeling is that someone will buy this and make it a fishing club, like what's done upstate with private hunting clubs."

 

Coleman confirmed that $38.5 million pricetag was on the higher end for property in the area. He mentioned the continuing reports that Gosman's Dock, a longtime Montauk tourist destination across Montauk Harbor from Inlet Seafood, was on the market for $55 million.

 

According to reports, Gosman's once was listed on the Web site of Brown Harris Stevens, a real estate agency known for its high-end sales, but it's not there any longer. When an agent for the agency was contacted Thursday morning, he said, "no comment" and something about a "disclosure clause." The Montauk Yacht Club sold for $34 million last April, and Coleman said a recent home sale on the South Fork was for $24 million.

 

The Inlet Seafood Restaurant opened in the summer of 2006 as an offshoot of Montauk Inlet Seafood, the largest packer/shipper of fresh seafood in New York State. Coleman said the property has storage and freezers for commercial fishing, plus permits in place for the construction of a 3,000 square foot warehouse and retail store.

 

The restaurant, open year round, will remain open while the property is for sale, Coleman said.

 

Newsday's 2006 review of the restaurant noted the "Montauk vista of narrow waterways, open sea and distant coastlines. A stirring sight, indeed..."