The Sands Motel, the iconic property in the heart of Montauk, is now on the market with an asking price of $28,000,000. Hal Zwick and Jeff Sztorc of the Hamptons Commercial Real Estate Team have received the exclusive for the property, which boasts over 250 ft of frontage on Montauk Highway and 360-degree water views of the Atlantic Ocean and Fort Pond.
“The Sands Motel has been a cherished part of the Montauk community for generations. This property presents a rare opportunity to shape the downtown district with a hotel that mixes Montauk’s charm with modern accommodations,” said Hal Zwick.
The Sands Motel complex, located at 71 S. Emerson Avenue, 79 S. Emerson Avenue, 3 S. Emery Street, 666 Montauk Highway in Suffolk County, consists of a 43-key, 19,000 gross square foot hotel complex configured with three, one and two-story guest room buildings and one small rental/operations building. The entire complex is situated on four parcels totaling 1.16 acres.
The hotel provides a mix of one- and two-bedroom units, each with one bathroom. Fourteen select units also feature small to medium-sized kitchens. In addition, the 666 Montauk Highway property includes a two-bedroom cottage with a living room, kitchen, and bathroom on the ground floor.
“It is extremely rare to have an asset like this hit the market with such long-term family ownership,” added Jeff Sztorc. “What makes it unique is the convenient location in downtown Montauk while still capitalizing on panoramic water views. The size of this hotel, along with the pool and location, put it on a very short list for full-service Hamptons hospitality.”