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Property profile & analytics
FOR SALE
Manufacturing properties

137 Montauk Hwy West Hampton, NY 11977

4,400 SF 1 ac lot Built 2003
Entity Owned 9-yr Hold Free & Clear
Property ID
US63-1326287
Property summary
AI-generated overview

This exceptional mixed-use property, located at 137 Montauk Hwy in Westhampton, NY, presents a compelling investment opportunity. The 13,000+ square foot building sits on a one-acre lot and boasts 100% occupancy, generating an attractive current return on investment with significant upside potential. The property's versatility is a key advantage, suitable for a wide range of uses including specialty trades, contracting businesses, warehousing, flex space, storage, office space, light industrial operations, showrooms, retail, professional services, and creative industries. Its prime location offers easy access and benefits from strong demographics and high demand for this type of space in the area. The existing tenant base is strong, with solid leases in place that include built-in escalations, ensuring a stable and growing income stream. This turnkey operation is a rare find in the area and represents an ideal acquisition for investors, end-users, or a combination thereof. The property's size, location, and diverse potential uses make it a highly desirable investment prospect with substantial long-term growth potential. The asking price is $5,450,000.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2003
Total area 4,400 SF
Lot 1 ac (43,560 SF)
Zoning code R40
APN 0900-369.00-03.00-006.000
UPID US63-1326287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Next Level Auto Spa | Vehicle & Commercial Wraps | PPF Paint Protection Film | Window Tints | Ceramic Coatings Interior Design Auto Repair Shop
  • Remodel Showroom Hardware & Home Improvement Kitchen & Bath Showroom
  • General Home Solution Consultant
  • Dune Millwork Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
$960k
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.00M
Owner & transaction history
137 Montauk LLC · 9 yrs held
137 Montauk LLC
since 2016
3 recorded transactions
2016
Price N/A
2014
Price N/A
2012
$125,000
Zoning & alternative use
R40 · Westhampton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.6M +52.3%
Commercial (general) $1.3M +24.6%
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More about this property
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