Montauk Highway Commercial
494 Montauk Hwy, East Quogue, NY 11942
For Sale
$1,200,000
2,512 SF building on 0.26 acres, Village Business zone.
Property Size2,512 SF
Lot Size0.26 Acres
Price / SF$477.71
Days on Market250
Property Features for 494 Montauk Hwy
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Susan Connelly · License NY #10401297609
(631) 487-0366
Source:
Elliman
Added: Mar 10
Changed: Aug 28
Last Checked: Aug 25 at 9:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 2,512 square foot building situated on 0.26 acres. It benefits from a newer 50-year metal roof and a newer propane gas furnace. The property is zoned Village Business and is located on highly-trafficked Montauk Highway. An adjacent 1.01-acre lot is also available for sale. The existing hardware store business and inventory, excluding the machinery rental business, are available for purchase for an additional cost. This property is suitable for contractors needing outdoor storage, investors, or developers, offering the opportunity to establish a business in the Hamptons.
Key Highlights
- Highly‑trafficked Montauk Hwy location
- Zoned Village Business
- Newer 50‑year metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,112
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,240
$982.2K
Cap Rate 7%
$701,600
$701.6K
Cap Rate 9%
$545,689
$545.7K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$75.4K $30.00/SF
− Vacancy
−$5.2K −$2.07/SF
EGI
$70.2K $27.93/SF
− OpEx
−$21.0K −$8.38/SF
NOI
$49.1K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,240
Cap Rate 7%
$701,600
Cap Rate 9%
$545,689
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11942, NY
5,571
Population
3,471
Households
1.6
Avg Household Size
45
Median Age
51%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
655
Density / Sq Mi
$106,875
Median Household Income
$50,816
Median Earnings
$1,785
Median Rent
$801,100
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Suffolk County, NY
Properties on Market for Storefront properties in Suffolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - 2,512 SF building on 0.26 acres, Village Business zone.
Where is this storefront property located?
The property is located at 494 Montauk Hwy 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: Highly‑trafficked Montauk Hwy location; Zoned Village Business; Newer 50‑year metal roof
