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Property profile & analytics
OFF-MARKET
Strip malls

670 Montauk Hwy Water Mill, NY 11976-2628

5,156 SF 2.26 ac lot Built 1995
Entity Owned 18-yr Hold Free & Clear
Property ID
US63-5962289
Property summary
AI-generated overview

This exceptional 7,667 square foot multi-tenant retail building, located at 670 Montauk Highway, presents a unique investment opportunity. Currently fully vacant, this property offers three available spaces ranging from 810 to 3,500 square feet, providing flexibility for a variety of businesses. The building's versatile layout is ideal for a mix of restaurant and office tenants, with the potential for a flagship retail presence. The property's prominent location on Montauk Highway ensures high visibility and accessibility, attracting significant foot traffic and driving customer engagement. The building's design incorporates second-floor office space, offering additional opportunities for businesses requiring both retail and administrative areas. This presents a rare chance to establish a thriving commercial presence in a high-demand location. The substantial square footage allows for customization to suit individual tenant needs, making it an attractive proposition for businesses seeking a flexible and adaptable workspace. The property's current vacancy status provides a blank canvas for a new owner to curate a vibrant and successful tenant mix, maximizing rental income and return on investment. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new tenants. This is an exceptional opportunity to secure a well-positioned commercial property with significant growth potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1995
Total area 5,156 SF
Lot 2.26 ac (98,446 SF)
Zoning code VB
APN 0900-114.00-01.00-030.000
UPID US63-5962289
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
  • No 1 Chinese Restaurant Restaurant
  • Kissaki Sushi Restaurant
  • Hampton Kitchen Delicatessen Food Market Restaurant
  • Excel Masonry General Contractor Construction Company
  • Alpina Swiss Bakery Bakery Specialty Food Shop
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
Water Mill Square Associates · 18 yrs held
Water Mill Square Associates
since 2008
6 recorded transactions
2024
Price N/A
2019
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
VB · Water Mill, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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