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Property profile & analytics
FOR LEASE
Warehouses

348 Montauk Hwy Wainscott, NY 11975

0.35 ac lot
Entity Owned 18-yr Hold Free & Clear
Property ID
US63-5669790
Property summary
AI-generated overview

This exceptional 15,000-square-foot commercial property, located at 348 Montauk Highway in Wainscott, NY, presents a unique investment opportunity. Situated on a 0.35-acre lot, this two-story building boasts a versatile layout currently configured as a showroom, office, and warehouse space. The ground level encompasses 9,124 square feet, while the second level offers an additional 5,972 square feet of usable space. The warehouse component features five separate bays, three loading docks, and four dock-high doors, providing ample capacity for storage and distribution. The property also includes 26 parking spaces, accommodating both employees and customers, with convenient truck and trailer access. The building's prime location on Montauk Highway, just west of East Hampton Village, ensures high visibility and easy access to the entire South Fork. The existing configuration includes two showroom spaces and three office spaces, offering flexibility for various business needs. Outdoor storage is also available. The property can be delivered vacant and presents significant potential for redevelopment or repurposing as a large showroom or wholesale trade center. The existing business is also for sale. Surrounding neighbors include established businesses such as Local TV Inc., Cedar Design, and East End Excavating Corp., among others. This property offers a compelling blend of functionality, location, and potential, making it an ideal investment for discerning buyers.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 0.35 ac (15,246 SF)
APN 0300-197.00-02.00-014.000
UPID US63-5669790
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
  • East Hampton Plumbing & Heating Supply Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jojoben LLC · 18 yrs held
Jojoben LLC
since 2008
2 recorded transactions
2021
Price N/A
2008
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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