11 Indian Wells Hwy, Amagansett, NY 11930
This unique, three-story, 9,712 sq ft mixed-use building in Amagansett's Town Center offers a versatile 2,877 sq ft space for lease. Located at 11 Indian Wells Hwy, south of Route 27, with excellent Main Street visibility, this property sits on a 1.18-acre lot providing ample parking and landscaping. Built in 2003 and renovated in 2023, the structure boasts a barn-style design, structurally reinforced with steel beams. The interior features high ceilings on each level, three bathrooms, an elevator, multiple staircases, a sprinkler system, updated HVAC and mechanicals, and a lower-level walkout. The commercial business zoning allows for a wide range of uses, including retail, office space, or a specialty food/cafe. Previously home to The Applied Arts Center, this historically significant building (a former livery stable) is in impeccable condition and offers a unique layout, presenting an exceptional opportunity to shape Amagansett's business district. The minimum divisible space is 2,877 sq ft, with a maximum contiguous space of 2,877 sq ft. The building has a total of three suites.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.