It is rare that a successful business comes on the market in the Montauk Harbor district with real estate and additional rental income.
The Market has been renovated as a food and general store entity, offering fresh cooked items, packaged goods and general merchandise. The casual environment allows patrons to gather around the seating area inside or outside during the season. The site is across from the ferry terminal, near the waterfront restaurants, hotels and down the road from the infamous Gosman’s.
The building structure occupies approximately 5000 sf on 2/3 acre with ample parking. The approximate 4000 sf market and 1000 sf Bicycle Shop ( which provides rental income occupy the ground floor with a full second floor utilized for storage. The second floor might be able to be changed to office or apartment pending town and health department approval. The roof and mechanicals are all updated and there is ample parking on the site. The site is zoned Central Business which allows a variety of uses, once again pending approvals by the appropriate agencies.
A new operator has the opportunity to continue to evolve the business while executing their own vision. And, this transaction allows one to be their own landlord, reaping the benefits of real estate ownership.