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Two-Story Office Building
New
For Lease
$44,166

1164 Montauk HWY, Watermill, NY 11976

COMMERCIAL - Water Mill, NY

Space Size5,300 SF
Days on Market5

Property Features for 1164 Montauk HWY

General Information

Property type Commercial Lease
Property subtype Other
High school district 000000
Standard status Active
APN 0900-102.000-01-008.000

Amenities

highway-frontage signage
400-amp 3-phase electric service
landscaped park-like grounds
picnic seating
basement storage
Listing Agency: Compass
Listed By: Sean Deery · License #10401366519
Added: Aug 4 Last Checked: Aug 8 at 7:06AM
MLS# 11918928

Copyright © 2026 My State 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 newly built office property at 1164 Montauk Highway contains 5,300 SF over two floors, with elevator service and the option to divide the space into two independent suites or lease it as one building. Ceiling heights range from 11' to 13', and a 2,600 SF basement provides additional storage. The property includes 400-amp, 3-phase underground electric service, 24 dedicated parking spaces, and landscaped grounds with picnic seating.

The building occupies the junction of Montauk Highway and Scuttle Hole Road in Water Mill’s business district, with highway-facing signage exposure and connections east and west. Two 15,000 SF buildings at 8 and 12 Scuttle Hole Rd are located behind the property, offering an additional on-site option for drive-in storage or flex space alongside the office or showroom component. Nearby businesses include Water Mill Lumber, Staples, TJ Maxx, King Kullen, Hampton Coffee Company, and Speedway Gas Station.

Key Highlights

  • 5,300 SF building across two floors with elevator service
  • Divisible into two independent suites or available as one building
  • 2,600 SF basement storage area

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

117
Businesses Nearby

Demographics for 11976, NY

2,764
Population
2,550
Households
1.1
Avg Household Size
50
Median Age
77%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
213
Density / Sq Mi
$158,000
Median Household Income
$64,643
Median Earnings
$3,200
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Highway frontage, elevator service, and divisible suites provide a flexible commercial layout.
Where is this office building located?
The property is located at 1164 Montauk HWY Watermill, NY.
What is the lease rate?
The lease rate is $44,166.
What are key features of this property?
This property features: 5,300 SF building across two floors with elevator service; Divisible into two independent suites or available as one building; 2,600 SF basement storage area
More about this property
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