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    494 Montauk Hwy Southampton, NY 11968

    Sponsored
    For Sale
    $1,200,000

    High-traffic location, 2,512 sq ft building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail property, located at 494 Montauk Highway in Southampton, NY, presents a unique investment opportunity. The building boasts 2,512 square feet of space, situated on a 0.26-acre lot. Recent improvements include a new 50-year metal roof and a new propane gas furnace, ensuring low maintenance and long-term cost savings. The property's prime location on the highly trafficked Montauk Highway guarantees excellent visibility and accessibility. The property is zoned Village Business, offering flexibility for a variety of commercial uses. An adjacent 1.01-acre lot is also available for purchase, providing significant expansion potential. Currently housing a hardware store (business and inventory available for separate purchase at $200,000, excluding machinery rental business), this property is ideal for contractors needing outdoor storage, investors seeking a strong return, or developers envisioning a new commercial venture. The property's location within the charming Hamlet of Southampton in the Hamptons offers a unique blend of high-traffic commercial potential and the desirable Hamptons lifestyle. This is a rare opportunity to acquire a well-maintained property in a prime location with significant upside potential. The asking price for the building is $1,200,000.

    Property Features for 494 Montauk Hwy

    General Information

    Property type
    Retail properties
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Gym & Fitness Hotel & Motel Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Suffolk County
    State
    New York
    Longitude
    -72.46624
    Latitude
    40.88534

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, 2,512 sq ft building
    Where is this retail property located?
    The property is located at 494 Montauk Hwy Southampton, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (631) 723-2721
    Request Owner's contact information
    494 Montauk Hwy Southampton, NY 11968
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    Southampton, NY 11968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    494 Montauk Hwy Southampton, NY 11968
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