133 Montauk HwyHampton Bays, NY 11946

Property Details for 133 Montauk Hwy

Year built

2006

Lot size

0.84 AC

Property size (Sq ft)

4,992 SF

Zone code

OD

Property type

Office buildings

APN

0900-222.00-01.00-024.001

APU

900222000100024001

Description

This exceptional 5,000-square-foot office building presents a compelling value-add investment opportunity in the vibrant heart of Hampton Bays, NY. Situated on a sizable 0.84-acre lot, this single-story, Class B property boasts ample parking (8.2 spaces per 1,000 sq ft), a significant advantage in this desirable location. Currently vacant, the building offers immediate potential for lease-up or redevelopment. Built in 2001, the property is zoned OD and features a convenient location near major retailers including Regal Movies, King Kullen, and more, ensuring high visibility and accessibility. Its proximity to the Hampton Bays LIRR station further enhances its appeal. The asking price is $3,000,000, translating to $600 per square foot. This represents a unique chance to acquire a versatile property suitable for executive, medical, or traditional office uses, offering significant upside potential for the discerning investor. The property is available for occupancy July 1, 2024. This fee-simple ownership opportunity provides complete control and flexibility for future development or leasing strategies. The property's size and location make it an ideal candidate for a variety of uses, catering to the growing demand for commercial space in this thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,235,259

  6.5%

  $1,140,239

  7%

  $1,058,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $652,255

  Geo Method

  $652,255

• Alternative Use

  Use

  Valuation

  Residential Income

  $1,413,896

  Hospitality / Lodging

  $1,295,121

  Institutional / Educational

  $1,077,526

  Healthcare / Senior Housing

  $1,114,583

  Retail / Commercial

  $1,676,151

Location Insight

City

Hampton Bays

County

Suffolk

State

New York

Latitude

40.8763

Longitude

-72.5307

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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