525 Montauk Hwy Eastport, NY 11941-1215
- Commercial land
- 0.07 lot acres
Current Use by Public Records
- Citarelli's Gourmet Deli / Deli
- ATM / Atm
Property Details for 525 Montauk Hwy
- Lot size
- 0.07 lot acres
- Property type
- Commercial land
- APN
- 0200-686.00-04.00-044.000
- APU
- 200686000400044000
Description
This exceptional mixed-use property in Eastport, NY, presents a unique investment opportunity. The 1,800 square foot building, renovated in 2018, houses a thriving gourmet market with 100% occupancy and a strong 6.00% cap rate. The asking price is $1,595,000, translating to $886.11 per square foot. The property includes 1,500 square feet of net rentable space, situated on a 0.46-acre lot with ample parking (20 spaces). The single-story building, constructed in 1970, operates under a modified lease with no credit rating required for the current tenant. The sale includes the existing business, the building, and an adjacent vacant lot, offering significant expansion potential. This owner-user opportunity allows for continued operation of the established gourmet market, expansion within the existing structure, or complete redevelopment of the site. The property's prime location on 525 Montauk Hwy in Eastport, Suffolk County, NY 11941, offers excellent visibility and access. This is a rare chance to acquire a well-established business with substantial growth potential in a desirable community.
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
- Eastport
- County
- Suffolk
- State
- New York
- Longitude
- -72.7321
- Latitude
- 40.8257
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
