131 Montauk Hwy Hampton Bays, NY 11946-4209

Property Details for 131 Montauk Hwy

Year built

1993

Lot size

0.63 lot acres

Zone code

OD

Property type

Turn key restaurants

APN

0900-222.00-01.00-035.001

APU

900222000100035001

Description

This exceptional fee-simple restaurant property in Hampton Bays, NY, presents a compelling investment opportunity. Located at 131 W Montauk Hwy, this 4,000 square foot, single-tenant building sits on a 0.63-acre lot and boasts ample parking (five spaces per 1,000 square feet). Currently 100% occupied by Matsulin under a net lease with a 3% annual rent bump, the lease extends until March 31, 2028, offering a remaining term of approximately 3.4 years. Built in 2001, this Class B property is strategically positioned in the heart of Hampton Bays, enjoying proximity to major retailers such as Regal Movies, King Kullen, Life Storage, Dunkin', and 7-Eleven. Its convenient location is further enhanced by its proximity to the Hampton Bays LIRR station. The asking price is $2,500,000, translating to $625 per square foot. This stabilized investment offers a strong return with a proven tenant and a desirable location. The property's size, parking availability, and prime location make it an attractive asset for discerning investors seeking a stable, income-generating property in a thriving Long Island market. The single-story building offers a straightforward operational structure. This is a rare opportunity to acquire a well-established restaurant property in a high-demand area.

Location Insight

City

Hampton Bays

County

Suffolk

State

New York

Longitude

-72.5302

Latitude

40.8764

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments