Retail-Residential Zoned Development
500 Montauk Highway East Quogue, NY 11942
500 Montauk Highway, East Quogue, NY, 11942
$1,100,000
For Sale
$1,100,000
A 1.01-acre lot on Montauk Highway with an adjacent 2,512 sq ft building currently operating two retail-related businesses.
Property Size2,512 SF
Lot Size1.01 Acres
Price / SF$437.90
Days on Market588
Property Features for 500 Montauk Highway
General Information
- Standard status
- Active
- Size
- 2,512 SF
- Lot size
- 1.01 Acres
- Property subtype
- Lots/Land
Listing Agency
Douglas Elliman Real Estate
(631) 953-5750
Listed by
Richard Connelly · License #10401297612
(631) 953-5750
Source
Exitrealty
Added: Dec 10, 2024 Updated: Jul 20 at 4:46 pm Checked: Jul 20 at 4:46 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This for-sale mixed-use development opportunity consists of a 1.01-acre lot on Montauk Highway in East Quogue. The property includes an adjacent 2,512 sq ft building currently housing a hardware business and an equipment rental business, both also for sale.
The site is described as being on a highly-trafficked Montauk Highway corridor. Land zoning is 54.5% Village Business and 45.5% Residential, creating flexibility for a variety of development concepts (subject to approvals).
The offering can be viewed as land with immediate utility via the existing adjacent building, or as a development package depending on buyer goals.
The site is described as being on a highly-trafficked Montauk Highway corridor. Land zoning is 54.5% Village Business and 45.5% Residential, creating flexibility for a variety of development concepts (subject to approvals).
The offering can be viewed as land with immediate utility via the existing adjacent building, or as a development package depending on buyer goals.
Key Highlights
- 1.01‑acre lot on Montauk Hwy with an adjacent 2,512 SF building
- Building currently houses two retail‑related businesses: a hardware business and an equipment rental business
- Land zoning is 54.5% Village Business and 45.5% Residential
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 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,569 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - A 1.01-acre lot on Montauk Highway with an adjacent 2,512 sq ft building currently operating two retail-related businesses.
Where is this commercial land located?
The property is located at 500 Montauk Highway East Quogue, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.01‑acre lot on Montauk Hwy with an adjacent 2,512 SF building; Building currently houses two retail‑related businesses: a hardware business and an equipment rental business; Land zoning is 54.5% Village Business and 45.5% Residential
