133 Montauk Hwy, WHB

133 Montauk Hwy, Westhampton Beach, NY 11978
  • Price: $2,895,000
  • Property Subtype: Commercial
  • Sale Type: Investment or Owner User
  • Proposed Use: Commercial Retail Office Mixed Use Apartment Units Apartment Units – Condo Apartment Units – Senior Apartment Units – Subsidized Auto Dealership Auto Repair Bar Bowling Alley Community Center Contractor Storage Yard Daycare Center Distribution Drugstore Food Processing Funeral Home Garden Center General Freestanding Health Club Hold For Development Hold For Investment Lodge or Meeting Hall Lumberyard Medical Movie Theater Movie, Radio or Television Studio Public Library Religious Facility Restaurant Retail Warehouse Schools Storefront Storefront, Retail or Office Storefront, Retail or Residential Supermarket Veterinarian or Kennel Agribusiness
  • No. Lots: 1
  • Total Lot Size: 1.13 AC
  • Property Type: Land
  • Array: Array
  • Property Description

    Mixed-Use Development Opportunity with Approved Site PlansPrime land development opportunity of 49,005sf (1.125-acre) zoned B-2 Business District in the Village of Westhampton Beach affording 17,000sf of commercial build-out (7,500sf ground floor retail, 3,500sf second floor mixed-use, & 6,000sf basement) with 105ft and 101ft of frontage on Montauk Hwy and Oak St respectively.Dry retail is permitted in the ground floor retail, but a hardware store is prohibited. The second floor will have a mix of 2 apartments (900sf total) and 2 office units (900sf and 1,700sf) with flexibility to propose a different mix if desired. Standard 6,000sf basement for storage. B-2 Business District zoning allows for fitness centers, meat/seafood markets, horticultural supply / nurseries, specialty retail, professional service offices, appliance/furniture store, other dry retail, and more with special permit. 55 parking spots are needed under the current Site Plan.Westhampton Beach has recently undergone a downtown revitalization with entirely new streetscapes, infrastructure, and a sewer system. This sewer and revitalization has brought increased interest in the new build-out potential of properties such as this to take part in the Westhampton Beach renaissance! Owner is open to build-to-suit.$6,420.06 – Town of Southampton – Real Estate Taxes (2022)Inquire with the Hamptons Commercial Real Estate team for additional information.

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    Financials

  • Financial Summary (Actual – 2022) Click Here to Access: Annual
  • Taxes: $99,999
  • Operating Expenses:
  • Total Expenses: $99,999
  • Investment Highlights

  • 105ft of Highway Frontage
  • Over An Acre
  • Mixed-Use
  • Additional Entrance / Exit on Main Road to the Village
  • Approved Site Plans
  • Thriving Westhampton Beach Community
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