1590 Montauk Hwy Mastic, NY 11950-3012
This exceptional 1.3-acre mixed-use property at 1590 Montauk Highway in Mastic, NY, presents a rare investment opportunity. Boasting a prime location at a four-way traffic light intersection, this site offers unparalleled visibility and accessibility. The property features approximately 200 feet of frontage along Montauk Highway, ensuring significant exposure to high traffic volume. The seller is open to flexible financing options, including a potential 20-year mortgage at market rate or a land lease agreement. The property is comprised of five buildable lots, but will be sold as a single parcel. The site's potential is further enhanced by the imminent arrival of sewer lines, significantly expanding development possibilities. Preliminary assessments suggest potential uses such as a convenience store (e.g., 7-Eleven) or a restaurant with seating for approximately 125 patrons. All four sides of the property offer street accessibility, providing ample opportunities for loading, unloading, and customer access. This is a unique chance to acquire a substantial commercial parcel in a thriving location with flexible financing terms. The property is being offered at $2,419,999.
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Ice Cream Cottage Grocery & Convenience Store Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.