For Sale
$4,900,000

240 Montauk HwyEast Hampton, NY 11937

Prime East Hampton multi-unit property, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a mixed-use property located at 240 Montauk Highway in East Hampton, New York, 11937. The property encompasses a substantial 219,560 square feet and is comprised of two buildings housing four separate units, currently boasting 100% occupancy. Each unit commands a price of $1,225,000, with an overall asking price of $4,900,000. The property features a Class C designation and sits on a generous 5.04-acre lot, including a 2.85-acre roadfront parcel with four pre-existing, non-conforming cottages and an adjoining 2.18-acre vacant lot with a storage shed. The zoning is Residential - Pre-existing. The property's strategic location offers proximity to East Hampton Airport and nearby villages, making it an attractive proposition for various uses. This unique offering presents a compelling investment opportunity for discerning buyers seeking a high-occupancy, multi-unit property in a prime East Hampton location. The price per square foot is $22.32. Showings are by appointment only.

Highlights

  • Exceptional mixed-use investment opportunity in prime East Hampton location.
  • 219,560 square foot property with four occupied units on a 5.04-acre lot.
  • 100% occupancy with each unit priced at $1,225,000, totaling $4,900,000.
  • Class C property featuring 2.85 acres of road frontage with four existing cottages and a 2.18-acre vacant lot.
  • Residential - Pre-existing zoning; $22.32 price per square foot.

Property Details for 240 Montauk Hwy

Property type
Mixed-use properties
Square Feet
219,560 SF
Class
C
Buildings
2
Stories
1
Units
4

Location Insight

City
East Hampton
County
36103
State
New York
Latitude
40.952929335138
Longitude
-72.227974294443
240 Montauk Hwy, East Hampton, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
240 Montauk Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message