500 Montauk Hwy

500 Montauk Hwy, East Hampton, NY 11937
  • Sale Type: Investment
  • Property Type: Retail
  • Property Subtype: Freestanding
  • Building Size: 4,413 SF
  • Building Class: C
  • Year Built: 1965
  • Price: $2,750,000
  • Price Per SF: $623
  • Percent Leased: 59%
  • Tenancy: Multiple
  • Building Height: 2 Stories
  • Land Acres: 1.27 AC
  • Zoning: Commercial
  • Parking: 15 Spaces (3.51 Spaces per 1,000 SF Leased)
  • Frontage: 181 FT on Montauk Hwy
  • Opportunity Zone: No
  • Property Description

    1.02 acre site zoned Neighborhood business allowing retail, wet use (with health department requirements met), exercise, apartment, mixed use with site plan approval.
    Currently an 1800 square feet retail structure with a 200 sf retail shed. A residential house is part of the property as well as significant outdoor space and ample parking.
    New owner can keep current structures or develop new compound with a 9000 square foot mixed use.

    Available Spaces

    SpaceSizeSpace UsePositionAvailable
    1st Floor1,800 SFRetailOutparcelNow

    Tenants

  • Tenant: Khanh Sports Highway Shop
  • Industry:
  • SF Occupied:
  • Rent/SF:
  • Lease End:
  • Investment Highlights

  • heavy trafficked road – major exposure – high ceilings
  • Transportation

  • Commuter Rail:
    Amagansett Station Commuter Rail (Montauk Branch)2 min drive1.6 mi
    East Hampton Station Commuter Rail (Montauk Branch)4 min drive2.0 mi
  • MAP