For Sale
$3,500,000

32 Park PlEast Hampton, NY 11937

Prime East Hampton retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a multi-tenant retail building ideally situated in the heart of East Hampton Village's vibrant shopping district. Located at 32 Park Place, this single-story structure boasts 1,585 square feet of net leasable space, divided into two units. Unit 1, measuring 778 square feet, is currently leased to Latin Express, while Unit 2, encompassing 807 square feet, is also currently leased. The property features 45 feet of frontage on Park Place, providing excellent visibility and accessibility. The building benefits from a sidewalk location to the north and a western easement for a walking path. It shares party walls with 69 Main Street to the south and 34 Park Place to the east. The 0.061-acre lot offers a compact yet highly desirable location within the bustling East Hampton Village shopping area, known for its unique boutiques and high demand for retail space. This property presents a unique opportunity for both owner-users and investors seeking a stable, high-demand retail investment in one of the Hamptons' most sought-after locations. The strong tenant occupancy and prime location make this a compelling investment prospect. The net lease structure provides a straightforward and potentially lucrative investment opportunity.

Highlights

  • 1,585 SF total net leasable area, comprised of two main floor suites: 778 SF and 807 SF.
  • Main floor suite #1: 778 SF net rentable area.
  • Main floor suite #2: 807 SF net rentable area.

Property Details for 32 Park Pl

Property type
Lifestyle centers, Power centers
Square Feet
778 SF
Stories
1
Lot Size (sq. ft)
2,657 SF
Units
2

Location Insight

City
East Hampton
County
Suffolk
State
New York
Latitude
40.9627176
Longitude
-72.1869872
32 Park Pl, East Hampton, New York

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32 Park Pl
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