Commercial Flex and Warehouse
137 Montauk Highway West Hampton, NY 11977
137 Montauk Highway, West Hampton, NY, 11977
$5,245,000
For Sale
$5,245,000
COMMERCIAL - Westhampton, NY
Property Size13,000 SF
Lot Size1.00 Acre
Price / SF$403.46
Days on Market1406
Property Features for 137 Montauk Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Standard status
- Active
- APN
- 0900-369-00-03-00-006-000
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 16171
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating)
Building Details
- Year built
- 2003
- Number of units
- 7
Listing Agency
First Hampton Int'l Realty LLC
(631) 872-0280
50 Main St, Westhampton Beach, NY
Listed by
Lawrence Citarelli
(631) 872-0280
Added: Sep 12, 2022 Checked: Jul 18 at 4:06 pm
MLS# L3429590
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial flex and warehouse building totals approximately 13,000+/- square feet and sits on about 1 acre. The offering is described as 100% occupied, with vacancy percentage listed as 0. The property is positioned to accommodate a variety of day-to-day operating models across trades, storage, office, industrial, showroom, retail, professional, and creative uses, supporting a tenant mix that can scale with different business needs.
Located at 137 Montauk Highway in Westhampton, New York, the property is presented as having easy access to the surrounding area. The building size and commercial zoning are intended to support multiple facility types, including flex, warehouse, and office-oriented operations.
For buyers evaluating an owner-occupied plan or an investment portfolio strategy, the practical appeal here is the combination of a single commercial asset with a fully occupied profile. The structure and site are marketed as turn-key, with the space set up to serve as a contractor or specialty trade base, a warehouse and storage footprint, or a combination of workspace and storefront-style activity, depending on the tenant requirements. Buyers and brokers can review the existing occupancy and current lease posture as part of underwriting and planning.
Located at 137 Montauk Highway in Westhampton, New York, the property is presented as having easy access to the surrounding area. The building size and commercial zoning are intended to support multiple facility types, including flex, warehouse, and office-oriented operations.
For buyers evaluating an owner-occupied plan or an investment portfolio strategy, the practical appeal here is the combination of a single commercial asset with a fully occupied profile. The structure and site are marketed as turn-key, with the space set up to serve as a contractor or specialty trade base, a warehouse and storage footprint, or a combination of workspace and storefront-style activity, depending on the tenant requirements. Buyers and brokers can review the existing occupancy and current lease posture as part of underwriting and planning.
Key Highlights
- 13,000 sq ft building, 100% occupied, providing immediate income.
- Attractive current Return On Investment (ROI) with potential for increased value.
- Turn‑key property, ready for immediate operation.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $249.6k | $19.20 |
| − Vacancy | −$15.2k | −$1.17 |
| EGI | $234.4k | $18.03 |
| − OpEx | −$35.2k | −$2.70 |
| NOI | $199.2k | $15.32 |
13,000 SF · lease $19.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.85M
$2.49M – $3.32M
NOI $199,218 @ 7.0% cap · market cap 3.80%
Second Best
Industrial
$2.64M
$2.31M – $3.08M
NOI $184,570 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$3.96M
$3.47M – $4.62M
NOI $277,228 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Next Level Auto ...
Interior Design
Remodel Showroom
Hardware & Home Improvement
General Home Solution
Consultant
Dune Millwork
Association Or Organization
Similar Off Market Nearby
- Centro 336 — 336 W Montauk Hwy, Hampton Bays, NY 11946
FAQs
What type of property is this?
Flex space - Commercial building offering flexible space configurations with 100% occupancy status for sale in Westhampton, NY.
Where is this flex space located?
The property is located at 137 Montauk Highway West Hampton, NY.
What is the asking price?
The asking price for this property is $5,245,000.
What are key features of this property?
This property features: 13,000 sq ft building, 100% occupied, providing immediate income.; Attractive current Return On Investment (ROI) with potential for increased value.; Turn‑key property, ready for immediate operation.
