130 North Main, East Hampton, NY 11937 (Sale)

$5,900,000

Investment opportunity with 100 feet of commercial building frontage on high-traffic street in on the ever popular North Main Street. The renovated 7,400+/- sq. ft. building comprises 3,700+/- sq. ft. of ground level retail space, and an additional 3,700+/- sq. ft. of residential income on the second floor. M&T Bank has held the lease for a number of years but closed the branch. They are responsible for $280,000 in base rent + NNN through March, 2021. This allows for a new owner to finalize an lease agreement and for the new tenant (s) to renovate for their needs. The downstairs can be utilized by one tenant – the entire 3700 sf or divided into two units — 2500 sf & 1200 sf respectively. The Commercial Business Zoning allows for many uses — retail, deli/take out with 16 seats per unit, office, financial services, etc. Upstairs are totally renovated apartments, updated to the highest standards and with skylights, fireplaces, and lots of charm. The rear apartment has a new balcony and stairs that lead down to a patio and garden. There is parking behind the building for five or six cars. The building is a short walk to the village stores, restaurants and service and a short bike ride to the beaches. The LIRR and Hampton Jitney are both near by. This “Jewel of North Main Street” is a great investment property in this upscale resort town.

Property Details

Town

New York

Type

Rental

Bedrooms

0

Bathrooms

2 Half Baths

Acres

2500 Sq. Ft.

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