Listing Agency: Compass

Listed By: Sean Deery · License #10401366519 Show Phone

Added: Aug 21 Changed: Sep 29 Last Checked: Oct 5 at 4:06AM

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MLS# 11945561

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Investment Insights

Based on property information with market context.

This 1,880-square-foot end-cap retail space at 760 Montauk HWY operates as a wine and spirits store and is offered with the associated going-concern business. The premises benefit from southern-facing windows, a bright merchandising environment, established branding, operating procedures, vendor relationships, and inventory management systems. An off-premise retail license supports packaged alcohol sales for consumption away from the property.

The store is positioned at a signalized intersection within a Water Mill shopping center on an approximately 3.65-acre site. The center provides 154 parking spaces and 9 Tesla Superchargers, supporting regular customer visits. A nearby 38-unit luxury townhome community contributes additional residential density to the surrounding area. The offering combines a functioning specialty retail operation with an existing customer base serving local and seasonal demand.

Key Highlights

• 1,880‑square‑foot end‑cap retail space at 760 Montauk HWY, Water Mill, NY 11976
• Operating wine and spirits retail business with established branding and vendor relationships
• Off‑premise retail license for packaged alcohol sales

Property Analytics

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Current Use

Rowe Plastic Surgery Physician Erika Bloom Pilates Gym & Fitness Center Rowe Medspa Physician Bistro Ete Restaurant Eddie Plishti Salon Hair Salon

Suggested Use

Top Pick Dental Office Electrical Service Storage Facility Furniture & Home Goods Bakery Pharmacy

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

287

Businesses Nearby

16k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

15,765 visits/mo 0.3 miles

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Established wine and spirits retail operation with an off-premise license in a high-traffic shopping center setting.

Where is this retail space located?

The property is located at 760 Montauk HWY Watermill, NY.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 1,880‑square‑foot end‑cap retail space at 760 Montauk HWY, Water Mill, NY 11976; Operating wine and spirits retail business with established branding and vendor relationships; Off‑premise retail license for packaged alcohol sales