240 Montauk Hwy East Hampton, NY 11937
- Commercial real estate
- 219,560 SF
Current Use by Public Records
- CUSTOM WOODWORKING COMPANY INC / Fence Contractor / Construction Company
Property Details for 240 Montauk Hwy
- Property size
- 219,560 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a mixed-use property located at 240 Montauk Highway in East Hampton, New York, 11937. The property encompasses a substantial 219,560 square feet and is comprised of two buildings housing four separate units, currently boasting 100% occupancy. Each unit commands a price of $1,225,000, with an overall asking price of $4,900,000. The property features a Class C designation and sits on a generous 5.04-acre lot, including a 2.85-acre roadfront parcel with four pre-existing, non-conforming cottages and an adjoining 2.18-acre vacant lot with a storage shed. The zoning is Residential - Pre-existing. The property's strategic location offers proximity to East Hampton Airport and nearby villages, making it an attractive proposition for various uses. This unique offering presents a compelling investment opportunity for discerning buyers seeking a high-occupancy, multi-unit property in a prime East Hampton location. The price per square foot is $22.32. Showings are by appointment only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Hampton
- County
- 36103
- State
- New York
- Longitude
- -72.227974294443
- Latitude
- 40.952929335138
