2422 Montauk HwyBridgehampton, NY 11932

Property Details for 2422 Montauk Hwy

Year built

1980

Lot size

0.20 AC

Property size (Sq ft)

2,608 SF

Zone code

VB

Property type

Investment properties

Property subtype

Live-work space

APN

0900-069.00-05.00-011.006

APU

900069000500011006

Description

This exceptional 1,262 square foot retail space is perfectly situated in the heart of Bridgehampton's vibrant business district. The property boasts a bright and open floor plan, ideal for a variety of retail uses. Currently vacant, this single-tenant space offers immediate occupancy for a discerning business owner. Located at 2422 Montauk Highway in Suffolk County, New York, this property provides excellent visibility and accessibility for customers. The address is easily identifiable and benefits from high foot traffic and strong local demographics. The building's total square footage is 1,262 square feet, all of which is available for lease. This presents a unique opportunity to establish or expand a retail presence in a highly desirable and affluent area of the Hamptons. The property's location within the Bridgehampton Business District ensures convenient access to amenities, services, and a thriving community. This is a turnkey opportunity for a business seeking a prominent location with high visibility and immediate occupancy. The property is located in Suffolk County, New York, with a zip code of 11932. The property's classification is retail commercial, with a single tenancy. This presents a rare opportunity to secure a prime retail space in a sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $546,331

  6.5%

  $504,306

  7%

  $468,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,576

  Geo Method

  $347,576

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $973,958

  Retail / Commercial

  $503,165

  Hospitality / Lodging

  $373,814

  Office

  $504,366

  Institutional / Educational

  $525,324

  Residential Income

  $614,628

  Multifamily

  $720,883

  Automotive / Energy

  $450,277

  Parking / Income-Based Land

  $152,486

  Restaurant / Food Service

  $268,556

  Healthcare / Senior Housing

  $514,147

Location Insight

City

Bridgehampton

County

Suffolk

State

New York

Latitude

40.9368

Longitude

-72.3042

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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