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1640 Montauk Hwy
4,000 SF Industrial Building Water Mill, NY 11976 $4,500,000 ($1,125/SF)
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INVESTMENT HIGHLIGHTS
- Prime Highway Corner Lot
- In Between Water Mill & Bridgehampton
- Rare Grandfathered Commercial Use
- Adjacent to +4 Preserved Acres - Highly Visible
EXECUTIVE SUMMARY
Grandfathered Commercial History – With a 2004 Zoning Variance protecting its commercial operations in a CR40 residential zone, this property remains a haven for business operations. The auto repair garage, gasoline sales, & vehicle sales/leasing— are all protected uses for the site, but the mix of office, warehouse, & residential are desired by a variety of East End businesses.
Versatile Structures – The ~1,400sf main showroom features a beautiful retail and client area on the first floor and a ~1,100sf second-floor apartment. There is also an attached ~1,100sf quad-bay warehouse garage. The grade of the property slopes down along Windmill Lane which not only provides ground-level access to the basement of the main building, but also leads to the property’s separate rear yard. This gated yard boasts a ~1,400sf dual bay warehouse garage for expanding operations, accommodating a larger inventory, or a separate business entity.
Unbeatably Visible Corner Lot – Located at the junction of Montauk Highway and Windmill Lane, the 0.68-acre property benefits from a landmark corner lot position next to 4 acres of preserved land on the highway between Water Mill, Bridgehampton, & Sag Harbor.
Surrounding Neighbors:
Rêver Motors, Hertz Car Rental, Bridgehampton PSEG, Ray Smith & Associates, The Milk Pail, Atlantic Golf Club, The Bridge Golf Club
PROPERTY FACTS
Price | $4,500,000 | Lot Size | 0.69 AC |
Price Per SF | $1,125 | Rentable Building Area | 4,000 SF |
Sale Type | Investment or Owner User | No. Stories | 2 |
Property Type | Industrial | Year Built | 1980 |
Building Class | C | Tenancy | Single |
Price | $4,500,000 |
Price Per SF | $1,125 |
Sale Type | Investment or Owner User |
Property Type | Industrial |
Building Class | C |
Lot Size | 0.69 AC |
Rentable Building Area | 4,000 SF |
No. Stories | 2 |
Year Built | 1980 |
Tenancy | Single |
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The ~1,400sf main showroom features a beautiful retail and client area which leads to an attached ~1,100sf quad-bay garage. At grade rear access to the basement of the main building. The second floor of the main building is an ~1,100sf second-floor apartment. The property’s private rear car yard is gated and boasts a ~1,400sf dual bay warehouse garage for expanding operations, accommodating a larger inventory, or a separate business entity.
Space | Size | Space Use | Condition | Available |
1st Floor | 4,000 SF | Industrial | - | Now |
1st Floor
Size |
4,000 SF |
Space Use |
Industrial |
Condition |
- |
Available |
Now |
1st Floor
Size | 4,000 SF |
Space Use | Industrial |
Condition | - |
Available | Now |
The ~1,400sf main showroom features a beautiful retail and client area which leads to an attached ~1,100sf quad-bay garage. At grade rear access to the basement of the main building. The second floor of the main building is an ~1,100sf second-floor apartment. The property’s private rear car yard is gated and boasts a ~1,400sf dual bay warehouse garage for expanding operations, accommodating a larger inventory, or a separate business entity.
PROPERTY TAXES
Parcel Number | 0900-084-00-01-00-039-000 | Improvements Assessment | $702,700 |
Land Assessment | $336,300 | Total Assessment | $1,039,000 |
PROPERTY TAXES
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1640 Montauk Hwy
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