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Realize Your Dreams Of Owning A Hotel Or Restaurant In Montauk

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Who hasn't dreamed of getting out of the rat race and opening a hotel or restaurant on the East End, be it a quaint muffin shop or something more MacPherson-esque? Make those dreams come true with one of these commercial properties currently on the market in Montauk:

TWO FOR ONE

This newly renovated establishment, which was built in 1986, sits on 0.46 acres near Gosman's Dock and Main Montauk charter fishing fleets. It includes 10 units and a 1,200 square foot restaurant with a bar that can seat up to 50 (and there's room for 27 cars to park, so carpooling is key). The restaurant presently caters to the local fishermen with a "Cheers" vibe, but with a little surf side décor, this could be the funky upscale hang out where fishermen and the monied crowd co-mingle. The price for instant authentic hipness? $2.95 million.

· 548 West Lake Drive, Montauk [Brown Harris Stevens]

A LIDO OF THIS, A LIDO OF THAT

A hark back to a simpler time, this mid-century motel is home to 19 units, including 1 Manager’s apartment, 6 efficiencies, and 12 guest rooms all set on 2 acres with a pool. And with a little tricking out à la Jonathan Adler, this sweet motel could easily be the hipster destination spot for the under 35 crowd. Think ACE Hotel. Proximity to Ruschmeyer's? 4 Minutes. Price? $2.675 million.

· The Lido Resort [Official Site]
· 5 South Emery Street, Montauk [Brown Harris Stevens]

PAGING SEAN MACPHERSON...

Running a motel is tough enough, but keeping a restaurant open 24/7 for 54 years takes its toll and the family behind the family-owned and operated Salivar's Restaurant and Bar is finally looking to cash in. The place measures out to almost 3,700-sq-ft and sits on 0.83 acres. Seating capacity is 53 seats on the inside and there's another 85 water-view seats outside (and maybe room for more). Boat parking is available for up to 6 (maximum length 65'). But may we suggest a bit of advice? Keep their cash-only policy. Seemed to work for them, just saying. The price to live this dream? $3.95 million.

· 470 West Lake Drive, Montauk [Town & Country Real Estate]

CREATE A 202 AT 781

Can't decide between opening a café or a cute little boutique? Be the next Nicole Farhi and indulge both desires with this commercial building right on Main Street. The 2,800-sq-ft nosalgic property has two separate entrances, one designated for food and the other strictly for non-edible retail. Smoothies and sarongs? Bagels and bangles? Cappuccino and culottes? A steal at $1.8 Million.

· 781 Montauk Highway, Montauk [Town & Country Real Estate]

—Charlotte Bayless