519 Montauk Hwy, Amagansett, NY 11930
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.