Pier 1 Imports | 54 Montauk Hwy

54 Montauk Hwy, Southampton, NY 11968
  • Sale Type: Investment or Owner User
  • Property Type: Retail
  • Property Subtype: Storefront
  • Building Size: 19,500 SF
  • Building Class: B
  • Year Built: 2001
  • Price: $12,900,000
  • Price Per SF: $662
  • Percent Leased: Vacant
  • Building Height: 1 Story
  • Land Acres: 2.91 AC
  • Zoning: R10
  • Parking: 122 Spaces (6.26 Spaces per 1,000 SF Leased)
  • Frontage: 149 FT on Montauk Hwy
  • Opportunity Zone: No
  • Property Description

    A unique opportunity has arrived at the most traveled intersection in The Hamptons where County Road 39 meets Montauk Highway.This 19,500 square foot commercial structure on a shy 3 acre parcel offers maximum exposure in one of the wealthiest enclaves in the Northeast. The size of the property currently allows for 107 parking spots and potential expansion.For twenty years, Pier One has occupied the site — it is now available for another entity to make their mark utilizing the entire interior or a portion to suit their needs.The 130 feet of highway frontage guarantees maximum visibility to year round, weekend and summer habitants alike as they travel from Southampton to Montauk and the reverse route home. The recent influx of population makes this area even more attractive to the right business concept. The opening of the adjacent Silver Lining Diner has increased traffic to the area resulting in additional patrons for any business.The building can be tailored to a variety of uses under the Southampton Town Highway Business Zoning — a massive restaurant and specialtymarket, a renowned take-out food entity, an automobile dealership, or a fitness/ other recreation destination. Imagine a big-box retailer or a home designcenter comprising a combination of compatible business’s under one roof. The site can be leased at $768,000 for the entire building + approximately $50,000 in NNN charges. Rates for a portion of the building can be discussed.Real Estate Taxes are approximately $25,000/year.

    ABOUT ADDRESS

    Former Pier 1 building in good condition. Can easily be built out to suit any business. Ample parking with dedicated lots in front and in the rear.

    Available Spaces

    SpaceSizeSpace UsePositionAvailable
    1st Floor19,500 SFFlexNow

    Tenants

    Investment Highlights

  • Major exposure at intersection of 2 main roads
  • open plan
  • high ceilings
  • Transportation

  • Commuter Rail:
    Southampton Station Commuter Rail (Montauk Branch)3 min drive1.5 mi
    Bridgehampton Station Commuter Rail (Montauk Branch)6 min drive4.5 mi
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