149 Old Country RdRemsenburg-Speonk, NY 11972

For Sale
$3,495,000

Prime Hamptons land, R40 zoning, multiple development options.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 18.6-acre development site presents a unique investment opportunity at the entrance to the exclusive Hamptons. Located at 149 Old Country Road, Remsenburg-Speonk, NY 11972, this property offers significant potential for various development projects. Currently zoned R-40, it allows for a "as of right" subdivision into approximately 11 one-acre lots, ideal for single-family residential development. Given its proximity to the Long Island Rail Road Speonk Train Station (a quarter-mile away), it's perfectly positioned for a Transit-Oriented Development (TOD), potentially including cluster housing, workforce housing, 55+ communities, or assisted living facilities. The property's location bordering industrially zoned land on two sides also presents the possibility of rezoning for an industrial park. Alternative uses permitted under the current zoning include agricultural purposes such as a horse farm, tree farm, or nursery/greenhouse. The seller is open to a "Subject To" sale for a viable development project, with pricing to be determined, or an "as is" sale for $3,495,000. The site boasts two access points, via Old Country Road and Jagger Path (off Montauk Highway), enhancing its accessibility and development potential. Nearby amenities include beautiful beaches on Dune Road (10 minutes away) and homes selling for over $900,000, highlighting the area's desirability. The property is conveniently located just 1.5 hours from New York City.

Highlights

  • 0.25-mile proximity to Speonk LIRR station, ideal for transit-oriented development (TOD).
  • Potential for 110+ multi-family units based on recent approvals of 6+ units per acre in the area.
  • Dual access points via Old Country Road and Jagger Path (Montauk Highway).
  • Potential for industrial rezoning due to adjacency to existing industrial properties.
  • 1.5-hour commute to NYC.
  • 10-minute drive to Dune Road beaches.

Property Details for 149 Old Country Rd

Property type
Other land, Other industrial properties
Lot Size (sq. ft)
810,216 SF

Location Insight

City
Remsenburg-Speonk
County
Suffolk
State
New York
Latitude
40.8254329
Longitude
-72.697023
149 Old Country Rd, Remsenburg-Speonk, New York

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149 Old Country Rd
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