Own a piece of the Hamptons that pays you back. This opportunity is a fully built-out mixed-use property in Shinnecock Hills, Hampton Bays, on the busy main road between the Shinnecock Canal and Southampton Village. The 0.32-acre lot holds two buildings, about 12 parking spaces, and road frontage that gets year-round local traffic plus the summer rush heading east. The main building's ground floor is an established, fully licensed bar and restaurant known locally as the Fish Hotel. It features a mahogany bar, a commercial kitchen, and a live-music stage. Upstairs are eight renovated studios, each with its own bath, kitchenette, and electric meter. Behind it is a separate three-bedroom Cape-style house with its own driveway and yard. The numbers are just as strong. The restaurant is leased through July 2030 at $6,500 per month, which gives you long-term, dependable base income; but there is an option to be delivered vacant. The property currently brings in about $201,600 a year in rent. With the four vacant studios re-leased at a conservative $1,500 per month, projected gross income rises to about $273,600, for a projected net operating income of about $192,824. That's a 6.22% stabilized cap rate. Property taxes run only about $6,600 a year, a rare advantage for a Hamptons income property. There's room to grow, too. The studios were most recently leased to a Southampton restaurant group for staff housing at $2,500 per unit, and the East End's ongoing demand for employee housing keeps these units in high demand. Offering memorandum and rent roll available to qualified buyers. All figures are projections; buyer to verify.

Property Details of 87 North Road

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 10, 2026 11:36 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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