Once-In-A-Lifetime Development Canvas – A trophy holding embedded in one of the nation’s most prized luxury villages, offering the rare ability to control, curate, & elevate a marquee commercial footprint where true scale is almost never available.
Irreplaceable Opportunity In A Supply-Constrained Market – Legacy assets of this stature can be counted on one hand. The assemblage’s contiguous, multi-structure format supports a flagship occupancy strategy, a deliberately programmed multi-tenant destination, or a long-hold platform designed to compound value through stewardship and selective repositioning.
Iconic Destination Potential In The Village Ecosystem – Directly integrated into the Village’s core activity and adjacent to the East Hampton LIRR Station, the property can evolve from a cornerstone holding into an iconic, regionally known destination.
Flexible Grandfathered Commercial Utility – The assemblage supports a wide range of fitness, service, retail, warehouse, and office-oriented uses. This flexibility creates a durable platform for stable operations today and strategic development repositioning over time.
3 Railroad Avenue – 15,780sf across five buildings on 1.7 acres.
9 Railroad Avenue – 5,500sf across two buildings on 0.30 acres.
Multi-Parcel Control In A Supply-Constrained Village Market – 3 & 9 Railroad Avenue form a two-parcel commercial assemblage totaling 1.97 acres with 21,280sf of leasable space – an exceptionally uncommon scale in East Hampton Village. With expansive yard areas, multiple access points, and a diversified building mix, this offering presents a true “campus” opportunity for investors & end users seeking long-term control in a market defined by scarcity.
Diversified Improvements With Substantial In-Place Income – The existing configuration has historically maintained strong occupancy. The property offers meaningful current income with clear pathways to near-term rent uplift through lease-up, re-tenanting, and modernization – achievable with reasonable CapEx – creating immediate upside without redevelopment risk.
A wide range of possible redevelopment scenarios, but all of them are a generational opportunity.
A near-term alternative to a total redevelopment would be an enhancement of the current configuration.
All plans subject to approvals by East Hampton Village and Suffolk County Health Dept.
Asking Price: $24,750,000
Inquire with the Hamptons Commercial RE Team for additional information.