Two North Fork restaurants were recently listed for sale.
New Suffolk staple Legends (835 First Street) has been listed for $4.25 million by Hal Zwick and Jeff Sztorc of Compass. The restaurant, which has been owned and operated by Diane and Dennis Harkoff since 1993, also includes residential cottages.
“Diane and Dennis have created a great environment there,” said Zwick. “It’s in a very special community, a very special town.”
Zwick said that there’s already been great interest in the listing, which he attributes to both the restaurant’s popularity and the flexibility of the space.
“It’s like two separate places,” he said. “If you want a nice, quiet dinner, there’s the formal dining room, and if you want a sports bar environment you have the right-hand side.”
The adjacent cottage and small house can be used for staff housing, which Zwick said is a major plus for any restaurant business.
“You basically have the full restaurant on First Street and the house and cottage on Second Street with a pathway between the two,” he said.
With Legends being open year-round with a strong sales volume, according to Zwick, the potential for a prospective buyer is huge.
“Someone could come in and do their own concept, or they could evolve Dennis and Diane’s concept. You’re basically getting a turnkey restaurant — good kitchen, good dining room, good bar in an idyllic town by the water.”
In Mattituck, the East On Main (10560 Main Road) business (not the property) is for sale for $325,000, listed by Frederick Markham and Maureen Orientale of Daniel Gale Sotheby’s International Realty.
The Main Road restaurant has been open since 2018 and is owned and operated by Antonio and Stephanie Piraino. There are approximately 200 seats and has a tavern area and dining hall area.
“It’s right on the Main Road, with ample exposure,” said Orientale. “They’ve done some interior renovations so it’s ready for someone else to come in and expand on what’s already been done. It’s got a huge commercial kitchen,”
Orientale loves the warm decor of the space, including a fireplace in both the tavern and dining hall area. East On Main could be a way into the local restaurant business, said Orientale.
“If someone is interested in the culinary or hospitality industry, it’s a great entrance into that for the North Fork,” she said.
