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Map
$7,950,000
●
Commercial -
For Sale
521 Montauk Highway
Amagansett, NY 11930
Studio
0 Bath
$40,310
Estimated Monthly
$0
HOA / Fees
0.06%
Cap Rate
About This Property
Excellent Opportunity to buy or lease this Commercial property
situated in the heart of Amagansett, in East Hampton Township. This
1.50 Acre property consists of 2 lots with 171 feet of frontage
that is home to a 5,000 SF former restaurant that allows seating up
to 186 people. Parking plan 80+ cars. Updates include steel and
structural work, new windows and doors, phase 3 electric, 3000
propane tank, and HVAC. Building is considered "warm dark shell"
and ready for your business! Seller can retrofit or build out. Near
LIRR, Village, Ocean beaches and last stop before Montauk. Ideal
location for use as restaurant, wine bar, brewery, convenience
store, grocery, general store, furniture or design showroom,
medical use or nearly any retail commercial use with site plan
approval. Brand new apartment complex right next door! Highly
desirable demographic with daily traffic counts of 14K cars passing
and doubled in the spring/summer season. Many possibilities for
use!
Unit Size
-
Days on Market
339 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,274
HOA Dues
-
Year Built
-
Listed By
Last updated: 5 months ago (OneKey MLS #ONE3483881)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 8, 2023 | Listed by Douglas Elliman Real Estate | $7,950,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Exterior Details
Property Information
Square Footage : 5000
Property Type: Commercial Sale
Property Sub Type: Retail
Year Built: 1975
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Financial Details
Tax Annual Amount: $15,282
Utilities Details
Heating: Propane, Forced Air
Sewer : Septic Tank
Location Details
Directions: Montauk Highway
County or Parish: Suffolk
Other Details
On Market Date: 2023-06-08
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
3
Beds
2
Baths
-
$7,250,000
Jun 30, 2021
$7,250,000
Mar 24, 2022
$562/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
521 Montauk Highway
521 Montauk Highway, Amagansett, NY 11930
- 1 Unit for Sale