105 Newtown Lane, East Hampton, NY 11937

Listing agent Hal Zwick License #40ZW1016031 Show Phone

Listing office Compass L***@compass.com 63 Main Street, New York, NY Show Phone

Listing date Apr 3, 2023

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MLS# 11168101

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Overview

105-107 Newtown Lane is a mixed-use property offering three street-level commercial units, eight 1-bedroom rented residential apartments, and a separate 4-bedroom, 4-bathroom rental house. The main building provides 10,900 SF of gross floor area, split approximately between 6,800 SF of residential space and 4,100 SF of commercial space. Additional space includes approximately 3,000 SF of basement area. The property also includes about 1,150 SF of garage space that may be converted to dry retail, subject to applicable requirements.

The site is located on Newtown Lane at the corner of Railroad Avenue, with Main Street in the Village of East Hampton within short walking distance. The East Hampton train station is diagonally opposite the property, providing convenient access for residents and retail customers.

With the building fully leased, the property presents a turn-key option for investors seeking an income-producing mix of ground-floor commercial and residential units, along with an additional standalone rental house. The configuration supports multiple income streams in one location, with the potential flexibility noted for repurposing the garage area for dry retail.

Suggested Use

Hair Salon (Bike/Boat/Book/etc) Store Daycare Center Storage Facility Car Rental Facility Arcade & Gaming Center Florist Auto Parts Store (Bike/Boat/Book/etc) Store Restaurant

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

Location Insight

• Map
• Local Demand

City

East Hampton

County

Suffolk

State

New York

Longitude

-72.19144

Latitude

40.964927

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FAQs

What type of property is this?

Mixed-use property - Fully leased mixed-use building with street-level retail, apartments, and a separate rental house.

Where is this mixed-use property located?

The property is located at 105 Newtown Lane East Hampton, NY.

What is the asking price?

The asking price for this property is $13,750,000.

What are key features of this property?

This property features: Fully leased mixed‑use building with 3 street‑level commercial units, 8 rented 1‑bedroom apartments, and a separate 4BR/4BA rental house; 9,342 SF lot (0.21 acres) with 10,900 SF in the main building plus 3,000 SF basement space; Main building area split roughly into 6,800 SF residential space and 4,100 SF commercial space