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    75 Montauk Hwy Blue Point, NY 11715

    Sponsored
    For Sale
    $2,400,000

    Warehouse, Flex Space, Income Potential

    Property size:
    13,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Blue Point, NY industrial property, located at 75 Montauk Hwy, offers a compelling investment opportunity. The main building comprises 11,800 square feet of warehouse space, featuring 14-foot ceilings and a 14-foot drive-in door, ideal for various uses. The property sits on a 0.77-acre lot with 12 parking spaces and boasts 107 feet of frontage on the heavily trafficked Montauk Highway. A significant advantage is the inclusion of a separate, 2,000-square-foot retail building currently leased to an insurance company for $3,500 per month with three years remaining on the lease. This provides immediate rental income, potentially covering taxes, maintenance, and insurance. The main warehouse will be delivered vacant, perfect for an end-user. The property benefits from its proximity to Islip MacArthur Airport and major thoroughfares, surrounded by established businesses. Recent roof repairs and the J2 zoning designation add further value. Gas is available in the front unit, with oil in the rear. This property presents a rare combination of immediate income and significant potential for future growth. The asking price is $2,400,000.

    Property Features for 75 Montauk Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    13,800 SF
    Lot Size
    33,541 SF

    HighLights

    • Industrial warehouse ideal for owner‑occupancy with supplemental retail income.
    • High ceilings suitable for manufacturing or storage.
    • Modern, well‑maintained building.
    • Long‑term tenant with a three‑year lease remaining.
    • Net positive cash flow from rental income.
    • One drive‑in door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Five Star Coverage Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Point
    County
    Suffolk
    State
    New York
    Longitude
    -73.0381241
    Latitude
    40.7539718

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    Nearby Similar for Sale

    • $2,650,000
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      Retail Strip Mall For Sale

      One-story retail building with five stores available for purchase.
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    FAQs

    What type of property is this?
    Distribution property - Warehouse, Flex Space, Income Potential
    Where is this distribution property located?
    The property is located at 75 Montauk Hwy Blue Point, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Industrial warehouse ideal for owner-occupancy with supplemental retail income.; High ceilings suitable for manufacturing or storage.; Modern, well-maintained building.
    Request Owner's contact information
    75 Montauk Hwy Blue Point, NY 11715
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    Blue Point, NY 11715
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    75 Montauk Hwy Blue Point, NY 11715
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