75 Montauk Hwy, Blue Point, NY 11715
For Sale
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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.
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Five Star Coverage Insurance Agency
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
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.