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137 Montauk Hwy West Hampton, NY 11977

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For Sale
$5,275,000

13,000+/- sq ft mixed-use property in Westhampton, NY.

Type:Industrial, Mixed Use, Office, Retail, Special Purpose
Property size:
13,000 SF
Added:
Nov 16, 2022
Days on Market:
1232
Last Refresh:
Mar 17 at 1:15 pm

Property Features for 137 Montauk Hwy

General Information

Standard status
Active
Size
13,000 SF
Property subtype
Industrial, Mixed Use, Office, Retail, Special Purpose

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Listing Contact
Lawrence Citarelli

Listing agent Lawrence Citarelli License #NY

Listing office First Hampton

Listing date Nov 16, 2022

Source Crexi

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 First Hampton


Overview

Westhampton Investment Opportunity

This 13,000+/- sq ft mixed-use property presents an investment opportunity in Westhampton, NY. The property is 100% occupied and offers an attractive current Return On Investment (ROI) with potential upside. It is suitable for an investor, end-user, or a combination of both. The property's zoning allows for various uses, including specialty trade, contractor services, warehouse, flex space, storage, office, industrial, showroom, retail, professional, and creative purposes. The location provides easy access and benefits from favorable demographics, with significant demand for its permitted uses in the area. The property features a solid tenant base with leases and escalations in place. The current Net Operating Income (NOI) is $260,451, with the potential to exceed $360,000.
Location Intelligence

Current Use by Public Records

Next Level Auto ... Interior Design Remodel Showroom Hardware & Home Improvement General Home Solution Consultant Dune Millwork Association Or Organization

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
West Hampton
County
Suffolk
State
New York
Longitude
-72.686175
Latitude
40.817983

FAQs

What type of property is this?
Mixed-use property - 13,000+/- sq ft mixed-use property in Westhampton, NY.
Where is this mixed-use property located?
The property is located at 137 Montauk Hwy West Hampton, NY.
What is the asking price?
The asking price for this property is $5,275,000.
What are key features of this property?
This property features: High Income Potential: Current $260,451 NOI with potential to exceed $360,000.; 100% Occupancy: Turn‑key investment with all units currently leased.; Value‑Add Opportunity: Potential to increase value and income.
More about this property
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