Turnkey Marina

Investment Summary

Turnkey Marina for Sale Executive Summary: Background: Diamond Cove Marina is a working boatyard and marina which extends into Lake Montauk Harbor, and which in turn connects to Long Island Sound. There are potentially 93 boat slips for the marina. Records also indicate that there is an 1800-sqft masonry building onsite, of which 420-sf is a commercial kitchen. The remainder of the building is approved for a retail store considered to be an accessory use to the boatyard and marina. The site has 84 parking spaces. The subject site is located within the hamlet of Montauk, which is a part of the Town of East Hampton, New York. Presently, the zoning district for the subject property is WF-Waterfront, a commercial district oriented to marine and marine-related commercial activities, such as boatyards, marinas, and fish markets. Also permitted are several commercial activities commonly found on waterfronts, but requiring review and approval of a Special Permit, such as bars, tavern, restaurants, gas stations, flower stores, and wholesale warehouse and distribution facilities. Conformance: The present use of the subject site as a boatyard and marina conforms with the table of allowed uses in the WF-Waterfront zoning district as Zoning Compliance Report Continued: Diamond Cove Marina The commercial kitchen is also approved, based on a 2005 memo. Building occupancy requirements specify that the remainder of the building is approved for retail activities. The Marina sale includes a Travel Lift. There is an approved kitchen on the property and the equipment included in this sale are kitchen equipment such as three walk-in coolers, one walk-in freezer, bar and equipment, inventory, tables and chairs, stoves, 2 stand up refrigerators, and a walk-in keg refrigerator. With increased tourism and relaxing atmosphere Montauk has become a focus of hospitality groups seeking investments opportunities. This is the perfect location to create the next hot spot in Montauk! Simple cosmetic changes such as adding grass plants, sandstone pebbles, Adirondack chairs, and landscaping to create a dedicated area overlooking the marina, with live music, fresh seafood, and unique cocktails will create an amazing customer experience. It would require approvals, however applying for a restaurant, or a hotel/ motel application would be an amazing value add to this beautifully located property.

Location Summary

The marina is located in the heart of Montauk Harbor. Walking distance to Westlake Marina, Montauk Yacht Club, Star Island Yacht Club, Snug Harbor, Gosmans, Ben & Jerrys. Bike ride to town and beaches. This is the perfect location to create the next go-to place in the Montauk Harbor. By Boat, Plane, Helicopter or by land this is the spot to be! Marina 93 Boat Slips Electric 600 Amp service updated in 2012 Storage Ashore is 2,700+ Linear Feet Low Tide Dept 3+
Turnkey Marina for Sale Executive Summary: Background: Diamond Cove Marina is a working boatyard and marina which extends into Lake Montauk Harbor, and which in turn connects to Long Island Sound. There are potentially 93 boat slips for the marina. Records also indicate that there is an 1800-sqft masonry building onsite, of which 420-sf is a commercial kitchen. The remainder of the building is approved for a retail store considered to be an accessory use to the boatyard and marina. The site has 84 parking spaces. The subject site is located within the hamlet of Montauk, which is a part of the Town of East Hampton, New York. Presently, the zoning district for the subject property is WF-Waterfront, a commercial district oriented to marine and marine-related commercial activities, such as boatyards, marinas, and fish markets. Also permitted are several commercial activities commonly found on waterfronts, but requiring review and approval of a Special Permit, such as bars, tavern, restaurants, gas stations, flower stores, and wholesale warehouse and distribution facilities. Conformance: The present use of the subject site as a boatyard and marina conforms with the table of allowed uses in the WF-Waterfront zoning district as Zoning Compliance Report Continued: Diamond Cove Marina The commercial kitchen is also approved, based on a 2005 memo. Building occupancy requirements specify that the remainder of the building is approved for retail activities. The Marina sale includes a Travel Lift. There is an approved kitchen on the property and the equipment included in this sale are kitchen equipment such as three walk-in coolers, one walk-in freezer, bar and equipment, inventory, tables and chairs, stoves, 2 stand up refrigerators, and a walk-in keg refrigerator. With increased tourism and relaxing atmosphere Montauk has become a focus of hospitality groups seeking investments opportunities. This is the perfect location to create the next hot spot in Montauk! Simple cosmetic changes such as adding grass plants, sandstone pebbles, Adirondack chairs, and landscaping to create a dedicated area overlooking the marina, with live music, fresh seafood, and unique cocktails will create an amazing customer experience. It would require approvals, however applying for a restaurant, or a hotel/ motel application would be an amazing value add to this beautifully located property.