494 Montauk HwySouthampton, NY 11968

Property Details for 494 Montauk Hwy

Year built

1978

Lot size

0.26 AC

Property type

Retail properties

Description

This exceptional retail property, located at 494 Montauk Highway in Southampton, NY, presents a unique investment opportunity. The building boasts 2,512 square feet of space, situated on a 0.26-acre lot. Recent improvements include a new 50-year metal roof and a new propane gas furnace, ensuring low maintenance and long-term cost savings. The property's prime location on the highly trafficked Montauk Highway guarantees excellent visibility and accessibility. The property is zoned Village Business, offering flexibility for a variety of commercial uses. An adjacent 1.01-acre lot is also available for purchase, providing significant expansion potential. Currently housing a hardware store (business and inventory available for separate purchase at $200,000, excluding machinery rental business), this property is ideal for contractors needing outdoor storage, investors seeking a strong return, or developers envisioning a new commercial venture. The property's location within the charming Hamlet of Southampton in the Hamptons offers a unique blend of high-traffic commercial potential and the desirable Hamptons lifestyle. This is a rare opportunity to acquire a well-maintained property in a prime location with significant upside potential. The asking price for the building is $1,200,000.

Location Insight

City

Southampton

County

Suffolk County

State

New York

Latitude

40.8853

Longitude

-72.4662

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