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MONTAUK HWY Southampton

$12,900,000
WEB # 866048
A unique opportunity has arrived at the most traveled intersection in The Hamptons where County Road 39 meets Montauk Highway. This 19,500 square foot commercial structure on a shy 3 acre parcel offers maximum exposure in one of the wealthiest enclaves in the Northeast. The size of the property currently allows for 107 parking spots and potential expansion. For twenty years, Pier One has occupied the site -- it is now available for another entity to make their mark utilizing the entire interior or a portion to suit their needs. The 130 feet of highway frontage guarantees maximum visibility to year round, weekend and summer habitants alike as they travel from Southampton to Montauk and the reverse route home. The recent influx of population makes this area even more attractive to the right business concept. The opening of the adjacent Silver Lining Diner has increased traffic to the area resulting in additional patrons for any business. And a recent easement has been added from Flying Point Road to facilitate access from points east via a right turn at the traffic light. The building can be tailored to a variety of uses under the Southampton Town Highway Business Zoning -- a massive restaurant and specialty market, a renowned take-out food entity, an automobile dealership, or a fitness/ other recreation destination. Imagine a big-box retailer or a home design center comprising a combination of compatible business's under one roof. The site is being offered exclusively for Sale at $10,500,000. The site can be leased at $768,000 for the entire building + approximately $50,000 in NNN charges. Rates for a portion of the building can be discussed. Real Estate Taxes are approximately $25,000/year. For discussion or to arrange a viewing, contact The Hamptons Commercial RE team at Town & Country.

Location

54 MONTAUK HWY, Southampton, NY 11968

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MONTAUK HWY Southampton

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