32 Park Pl - Storefront FOR SALE


East Hampton, NY 11937
$3,500,000 USD
631-678-2460
32 Park Pl, East Hampton, NY for Sale
$3,500,000 USD
Storefront - FOR SALE
1/13
null | Request Cap Rate

32 Park Pl
East Hampton, NY 11937


HIGHLIGHTS

  • Park Place Retail Building
  • Multi-Tenant Retail
  • 45ft of Frontage
  • Side Alleyway for Pedestrians
  • West Facing Windows

OVERVIEW

Park Place Multi-Tenant Retail Building in the Center of East Hampton Village’s Shopping District Central to the East Hampton Village shopping experience are the buildings that affront the main Village parking lot along Park Place. Known for the alley way shops and unique boutiques, Park Place retail space is some of the most valued in all of the Hamptons! Featuring 45ft of frontage on Park Place, 32 Park Place offers a single story structure with two retail units. The building is sidewalk adjacent to the north with an easement for a walking path on the western side of the property. Total parcel size is 0.061-acres. Unit 1 - 778sf - Leased Unit 2 - 807sf - Leased East Hampton retail demand has been one of the strongest in the history of the Hamptons with vendors vying to secure space. These dynamics have been steady and slow to change. Unique opportunity for an owner-user or standard investment property. Surrounding Neighbors: Tutto Caffe, Double RL, Stone Source, John Papas Cafe, Aviator Nation, White’s Apothecary, Bluemercury, Todd Snyder, Compass, Obligato, Gubbins, JPMorgan Chase Inquire with the Hamptons Commercial RE Team for additional information. Tax Map #: 0301-003.00-06.00-021.002 2023 Town Taxes - $6,180.90 2023 Village Taxes - $2,438.21

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$2,208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,538 SF

ZONING

-

APN/PARCEL ID

0301-003-00-06-00-021-002

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.