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105-107 Newtown Ln East Hampton, NY 11937

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For Sale
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Prime Location, High Returns, 13 Units

Property size:
10,900 SF

Property Features for 105-107 Newtown Ln

General Information

Property type
Individual retail properties
Square Feet
10,900 SF
Lot Size
10,890 SF

Building Details

Year Built
1923
Stories
3
Units
13

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Listing Contact
Hal Zwick
Hal Zwick

Listing Agency: Compass Listing Agent: Hal Zwick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional mixed-use property, located at 105-107 Newtown Lane in East Hampton, NY, presents a rare investment opportunity. The 10,900 square foot building, constructed in 1923, boasts three stories and sits on a 0.25-acre lot. The property comprises thirteen units: three street-level commercial spaces currently occupied by Hampton Chutney and Zakura's, creating a thriving dining destination; eight one-bedroom residential apartments, all currently rented; and a separate four-bedroom, four-bathroom rental house. The main building offers approximately 6,800 square feet of residential space and 4,100 square feet of commercial space, with an additional 3,000 square feet of basement space and 1,150 square feet of garage space that could be converted to retail. This fully leased property enjoys a prime location on Newtown Lane, a main thoroughfare in East Hampton, at the corner of Railroad Avenue, within walking distance of Main Street and diagonally across from the East Hampton train station. The consistent high occupancy rate, with no vacancies in over a decade, underscores the desirability of this location. While no unused development rights are currently available, future development potential exists with the anticipated installation of a town sewer system in two to four years, allowing for increased density. This property represents a truly showcase commercial asset with excellent recurring income, priced at $14,250,000.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
East Hampton
County
Suffolk
State
New York
Longitude
-72.191304553394
Latitude
40.965162633694

FAQs

What type of property is this?
Individual retail property - Prime Location, High Returns, 13 Units
Where is this individual retail property located?
The property is located at 105-107 Newtown Ln East Hampton, NY.
What is the asking price?
The asking price for this property is $14,250,000.
What are key features of this property?
This property features: $14,250,000 asking price.; Mixed-use property with 10,900 square feet, 13 units, and a 0.25-acre lot.; Three-story building constructed in 1923, located at 105-107 Newtown Ln, East Hampton, NY 11937.
(631) 678-2460 Call to check price and availability
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