Property profile

519 Montauk Hwy Amagansett, NY 11930

OFF-MARKET
Retail properties & Spaces
5,000 SF 1.5 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 5,000 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

519 Montauk Hwy Amagansett, NY 11930
Amagansett metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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