Wald Real Estate Associates has been retained on an exclusive basis to arrange for the sale of the one-story (plus basement and patio) property 44-48 Hampton Road, known for decades as La Parmigiana. The subject property is situated on the highly-trafficked south side of Hampton Road, positioned in the heart of Southampton Village. 44-48 is located in the areas most frequented retail corridors which sees maximum foot/auto traffic all year round. Just 86 miles from New York City, it is home to much of the world’s most sought after real estate, sustaining international recognition. Currently a staple of the Hamptons, the location is available for sale for the first time in over 45 years and can be delivered vacant.
In the past few years, Hampton Road has been revamped and sought after by adding tenants such as Citarella Gourmet Market, Starbucks, and White’s Apothecary, all of which are active year-round, ensuring consistent foot traffic driven to the current businesses’ location. Other neighboring destinations include Le Charlot, 75 Main, Juice Press, Tutto ll Giorno, Sant Ambroeus, Kozu Hamptons, Intermix, Polo Ralph Lauren, Southampton Social Club, Jue Lan Club, Little Red and Red Bar Brasserie. 44-48 Hampton Road is minutes away from world-renowned beaches, private country clubs, museums, golf courses and nightlife.
The currently built structure is 5,494 gross sf of which 2,255 sf of the total is usable commercial space, and 3,239 sf is usable basement/kitchen prep. There is an additional 800 sf allotted to the outdoor dining area, which can be used seasonally to increase the overall seating capacity.The subject property benefits from grandfathered water rights and a 100+ seating occupancy. Impressively, the property comes with five private parking spaces along with a large municipal parking lot located directly behind the restaurant. The space is conducive for reconfiguration of the current floor plan offering owners and operators numerous opportunities to utilize or rework the space to maximize profit. The venue is currently underutilized but can be expanded through a robust catering business, full liquor license/bar, events, and full breakfast/ brunch menu. 44-48 Hampton Road can be delivered vacant to allow for immediate occupancy or leasing. All site inspections must be made by appointment only.