Mixed-Use
Gosman's Portfolio
500 W Lake Dr, Montauk, NY 11954
Listing Price: $45,000,000
Investment Overview
Marcus & Millichap is proud to present for sale the Gosman's portfolio in Montauk, NY. The portfolio consists of nine (9) totaling 48,145 square feet on 11.60 acres. The portfolio consists of four (4) restaurants, six (6) retail stores, one (1) parking lot, four (4) residential/staff housing properties, and one (1) vacant parcel of land. The nine property portfolio presents a rare opportunity to acquire 600' feet of unobstructed waterfront views in one of the nation's premier vacation destinations. Gosman's Dock in Montauk, NY was founded in 1943 by Robert and Mary Gosman. The Gosmans family bought the properties in 1950 and additional land in 1958. The restaurant started out as a chowder stand, specializing in lobster rolls. The wholesale lobster and fish business and the quality of the seafood encouraged the family to develop the Gosman's Restaurant and Clam Bar to what it is today. As the restaurant developed, clothing and gourmet food shops and tourist services were added.
Listing Price: $45,000,000
Investment Highlights
- Trophy Retail Asset in Affluent, High Barrier to Entry Market
- Approx. 39,000 +/- SQFT of Retail Space & Appox. 8,950 +/- SQFT of Staff Housing
- Approximately 600' Feet of Waterfront Frontage
- Owned and operated by the Gosman Family since 1943
Investment Overview
Marcus & Millichap is proud to present for sale the Gosman's portfolio in Montauk, NY. The portfolio consists of nine (9) totaling 48,145 square feet on 11.60 acres. The portfolio consists of four (4) restaurants, six (6) retail stores, one (1) parking lot, four (4) residential/staff housing properties, and one (1) vacant parcel of land. The nine property portfolio presents a rare opportunity to acquire 600' feet of unobstructed waterfront views in one of the nation's premier vacation destinations. Gosman's Dock in Montauk, NY was founded in 1943 by Robert and Mary Gosman. The Gosmans family bought the properties in 1950 and additional land in 1958. The restaurant started out as a chowder stand, specializing in lobster rolls. The wholesale lobster and fish business and the quality of the seafood encouraged the family to develop the Gosman's Restaurant and Clam Bar to what it is today. As the restaurant developed, clothing and gourmet food shops and tourist services were added.
