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    519 Montauk Hwy Amagansett, NY 11930

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    For Sale
    Contact for pricing

    Prime Retail Space, 5,000 SF, 1.5 Acres

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 519-521 Montauk Highway in Amagansett, New York, presents a unique investment opportunity. The 5,000 square foot building sits on a 1.5-acre lot, boasting over 200 feet of frontage. Currently zoned Commercial Business (CB), this versatile space offers a multitude of possibilities. Previously a restaurant with seating for 186, the property is ideally suited for a variety of retail uses, including but not limited to restaurants, wine bars, breweries, convenience stores, grocery stores, general stores, furniture showrooms, or design showrooms. Its prime location in the heart of Amagansett offers unparalleled convenience, with proximity to the Long Island Rail Road (LIRR), the village center, and stunning ocean beaches. The property's ample size and central location make it an attractive proposition for businesses seeking high visibility and accessibility. This is a rare opportunity to acquire a substantial commercial property in a highly desirable and thriving East Hampton Township location. The property consists of two lots, providing flexibility for future development or expansion. Serious inquiries are encouraged.

    Property Features for 519 Montauk Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre lot zoned Commercial Business (CB) in Amagansett.
    • Prime Amagansett location.
    • Restaurant‑ready with capacity for 186 seats.
    • Walkable to Amagansett village, LIRR, and beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Dental Office Pharmacy Nail Salon Garden Center Furniture Store Electrical Service Convenience Store Cafe & Coffee Shop Bakery Shopping Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Amagansett
    County
    Suffolk
    State
    New York
    Longitude
    -72.1267079
    Latitude
    40.979271

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 5,000 SF, 1.5 Acres
    Where is this retail property located?
    The property is located at 519 Montauk Hwy Amagansett, NY.
    What are key features of this property?
    This property features: 1.5-acre lot zoned Commercial Business (CB) in Amagansett.; Prime Amagansett location.; Restaurant-ready with capacity for 186 seats.
    Request Owner's contact information
    519 Montauk Hwy Amagansett, NY 11930
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    Amagansett, NY 11930
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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
    519 Montauk Hwy Amagansett, NY 11930
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