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    FOR SALE
    Investment properties

    75 Montauk Hwy, Blue Point, NY 11715

    0.77 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-6204344
    Property summary
    AI-generated overview

    This exceptional Blue Point, NY industrial property, located at 75 Montauk Hwy, offers a compelling investment opportunity. The main building comprises 11,800 square feet of warehouse space, featuring 14-foot ceilings and a 14-foot drive-in door, ideal for various uses. The property sits on a 0.77-acre lot with 12 parking spaces and boasts 107 feet of frontage on the heavily trafficked Montauk Highway. A significant advantage is the inclusion of a separate, 2,000-square-foot retail building currently leased to an insurance company for $3,500 per month with three years remaining on the lease. This provides immediate rental income, potentially covering taxes, maintenance, and insurance. The main warehouse will be delivered vacant, perfect for an end-user. The property benefits from its proximity to Islip MacArthur Airport and major thoroughfares, surrounded by established businesses. Recent roof repairs and the J2 zoning designation add further value. Gas is available in the front unit, with oil in the rear. This property presents a rare combination of immediate income and significant potential for future growth. The asking price is $2,400,000.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Lot 0.77 ac (33,541 SF)
    APN 0200-982.30-01.00-020.000
    UPID US63-6204344
    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
    • Five Star Coverage Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.17M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    75 Montauk Highway LLC · 4 yrs held
    75 Montauk Highway LLC
    since 2022
    Last sale
    $1.2M
    4 recorded transactions
    2022
    $1.2M
    2021
    2011
    $690,000
    2004
    $650,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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