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240 Montauk Hwy East Hampton, NY 11937

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For Sale
Contact for pricing

Prime East Hampton multi-unit property, high occupancy.

Property size:
219,560 SF

Property Features for 240 Montauk Hwy

General Information

Property type
Mixed-use properties
Square Feet
219,560 SF
Class
C

Building Details

Buildings
2
Stories
1
Units
4

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Listing Contact
Robert Camerino
Robert Camerino

Listing Agency: HAMPTON COUNTRY REAL ESTATE INC Listing Agent: Robert Camerino

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a mixed-use property located at 240 Montauk Highway in East Hampton, New York, 11937. The property encompasses a substantial 219,560 square feet and is comprised of two buildings housing four separate units, currently boasting 100% occupancy. Each unit commands a price of $1,225,000, with an overall asking price of $4,900,000. The property features a Class C designation and sits on a generous 5.04-acre lot, including a 2.85-acre roadfront parcel with four pre-existing, non-conforming cottages and an adjoining 2.18-acre vacant lot with a storage shed. The zoning is Residential - Pre-existing. The property's strategic location offers proximity to East Hampton Airport and nearby villages, making it an attractive proposition for various uses. This unique offering presents a compelling investment opportunity for discerning buyers seeking a high-occupancy, multi-unit property in a prime East Hampton location. The price per square foot is $22.32. Showings are by appointment only.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CUSTOM WOODWORKING COMPANY ... General Contractor

Suggested Use

Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
East Hampton
County
36103
State
New York
Longitude
-72.227974294443
Latitude
40.952929335138

FAQs

What type of property is this?
Mixed-use property - Prime East Hampton multi-unit property, high occupancy.
Where is this mixed-use property located?
The property is located at 240 Montauk Hwy East Hampton, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in prime East Hampton location.; 219,560 square foot property with four occupied units on a 5.04-acre lot.; 100% occupancy with each unit priced at $1,225,000, totaling $4,900,000.
(631) 537-2000 Call to check price and availability
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