Current Use by Public Records
- Retail properties & Spaces
Property Details for 494 Montauk Hwy
- Year built
- 1978
- Lot size
- 0.26 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional retail property, located at 494 Montauk Highway in Southampton, NY, presents a unique investment opportunity. The building boasts 2,512 square feet of space, situated on a 0.26-acre lot. Recent improvements include a new 50-year metal roof and a new propane gas furnace, ensuring low maintenance and long-term cost savings. The property's prime location on the highly trafficked Montauk Highway guarantees excellent visibility and accessibility. The property is zoned Village Business, offering flexibility for a variety of commercial uses. An adjacent 1.01-acre lot is also available for purchase, providing significant expansion potential. Currently housing a hardware store (business and inventory available for separate purchase at $200,000, excluding machinery rental business), this property is ideal for contractors needing outdoor storage, investors seeking a strong return, or developers envisioning a new commercial venture. The property's location within the charming Hamlet of Southampton in the Hamptons offers a unique blend of high-traffic commercial potential and the desirable Hamptons lifestyle. This is a rare opportunity to acquire a well-maintained property in a prime location with significant upside potential. The asking price for the building is $1,200,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southampton
- County
- Suffolk County
- State
- New York
- Longitude
- -72.4662
- Latitude
- 40.8853
