East Quogue Retail
494 Montauk Highway East Quogue, NY 11942
494 Montauk Highway, East Quogue, NY, 11942
$1,200,000
For Sale
$1,200,000
SINGLE_FAMILY - East Quogue, NY
Property Size2,512 SF
Lot Size0.26 Acres
Price / SF$477.71
Days on Market852
Property Features for 494 Montauk Highway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- VB
- Parking
- 9
- Standard status
- Active
- APN
- 0900-315-00-03-00-013-001
- Size
- 2,512 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8804
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Propane (Heating)
Building Details
- Year built
- 1978
- Floors in Building
- 1
Listing Agency
Douglas Elliman Real Estate
(631) 723-2721
14 W Montauk Hwy, Huntington Station, NY
Listed by
Richard Connelly · License #10401297612
(631) 953-5750
Added: Mar 21, 2024 Updated: May 23 at 6:30 am Checked: Jul 20 at 9:06 pm
MLS# L3539473
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.
A 2,512 sq ft building is available for purchase on 0.26 acres. The property features a newer 50-year metal roof and a newer propane gas furnace. Zoned Village Business (VB), the property is located on highly-trafficked Montauk Hwy. An additional 1.01-acre adjacent lot is also available for sale. The existing hardware store business and inventory, excluding the machinery rental business, may be purchased for an additional cost. The property is suitable for contractors needing outdoor storage, investors, or developers. Located in East Quogue, NY, this property presents an opportunity to create a business in the Hamptons.
Key Highlights
- High‑traffic location on Montauk Hwy.
- Zoned Village Business, offering diverse business opportunities.
- Newer 50‑year metal roof.
Local Financial Insights For Retail
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 | $75.4k | $30.00 |
| − Vacancy | −$5.2k | −$2.07 |
| EGI | $70.2k | $27.93 |
| − OpEx | −$21.0k | −$8.38 |
| NOI | $49.1k | $19.55 |
2,512 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$701.6K
$613.9K – $818.5K
NOI $49,112 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,569 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ryder Hardware
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - 2,512 SF building on Montauk Hwy, East Quogue.
Where is this storefront property located?
The property is located at 494 Montauk Highway East Quogue, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑traffic location on Montauk Hwy.; Zoned Village Business, offering diverse business opportunities.; Newer 50‑year metal roof.
