1640 Montauk Hwy - Industrial FOR SALE


Water Mill, NY 11976
$4,500,000 USD
631-678-2460
1640 Montauk Hwy, Water Mill, NY for Sale
$4,500,000 USD
Industrial - FOR SALE
1/15
null | Request Cap Rate

1640 Montauk Hwy
Water Mill, NY 11976


HIGHLIGHTS

  • Prime Highway Corner Lot
  • Rare Grandfathered Commercial Use
  • In Between Water Mill & Bridgehampton
  • Adjacent to +4 Preserved Acres - Highly Visible

OVERVIEW

Highway Commercial Property – A rare opportunity to own a highly recognized Hamptons commercial property. Offering 320 feet of prime highway frontage, this iconic commercial site has seen generations of cars pass on their way through the Hamptons, giving you the potential to become the nameplate of this Water Mill cornerstone. Grandfathered Commercial History – With a 2004 Zoning Variance protecting its commercial operations in a CR40 residential zone, this property remains a haven for business operations. The auto repair garage, gasoline sales, & vehicle sales/leasing— are all protected uses for the site, but the mix of office, warehouse, & residential are desired by a variety of East End businesses. Versatile Structures – The ~1,400sf main showroom features a beautiful retail and client area on the first floor and a ~1,100sf second-floor apartment. There is also an attached ~1,100sf quad-bay warehouse garage. The grade of the property slopes down along Windmill Lane which not only provides ground-level access to the basement of the main building, but also leads to the property’s separate rear yard. This gated yard boasts a ~1,400sf dual bay warehouse garage for expanding operations, accommodating a larger inventory, or a separate business entity. Unbeatably Visible Corner Lot – Located at the junction of Montauk Highway and Windmill Lane, the 0.68-acre property benefits from a landmark corner lot position next to 4 acres of preserved land on the highway between Water Mill, Bridgehampton, & Sag Harbor. Surrounding Neighbors: Rêver Motors, Hertz Car Rental, Bridgehampton PSEG, Ray Smith & Associates, The Milk Pail, Atlantic Golf Club, The Bridge Golf Club

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69

LAND SF

30,097

ZONING

-

APN/PARCEL ID

0900-084-00-01-00-039-000

ASK ABOUT THIS PROPERTY

Hal ZwickCompassMore Info
631-678-2460

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Hal ZwickCompassMore Info
631-678-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.