32 Park Pl
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32 Park Pl
1,585 SF 100% Leased Retail Building East Hampton, NY 11937 £2,783,970 (£1,756/SF)
Investment Highlights
- Park Place Retail Building
- 45ft of Frontage
- West Facing Windows
- Multi-Tenant Retail
- Side Alleyway for Pedestrians
Executive Summary
Park Place Multi-Tenant Retail Building in the Center of East Hampton Village’s Shopping District
Central to the East Hampton Village shopping experience are the buildings that affront the main Village parking lot along Park Place. Known for the alley way shops and unique boutiques, Park Place retail space is some of the most valued in all of the Hamptons!
Featuring 45ft of frontage on Park Place, 32 Park Place offers a single story structure with two retail units. The building is sidewalk adjacent to the north with an easement for a walking path on the western side of the property. Total parcel size is 0.061-acres.
Unit 1 - 778sf - Leased
Unit 2 - 807sf - Leased
East Hampton retail demand has been one of the strongest in the history of the Hamptons with vendors vying to secure space. These dynamics have been steady and slow to change.
Unique opportunity for an owner-user or standard investment property.
Surrounding Neighbors:
Tutto Caffe, Double RL, Stone Source, John Papas Cafe, Aviator Nation, White’s Apothecary, Bluemercury, Todd Snyder, Compass, Obligato, Gubbins, JPMorgan Chase
Inquire with the Hamptons Commercial RE Team for additional information.
Tax Map #: 0301-003.00-06.00-021.002
2023 Town Taxes - $6,180.90
2023 Village Taxes - $2,438.21
Central to the East Hampton Village shopping experience are the buildings that affront the main Village parking lot along Park Place. Known for the alley way shops and unique boutiques, Park Place retail space is some of the most valued in all of the Hamptons!
Featuring 45ft of frontage on Park Place, 32 Park Place offers a single story structure with two retail units. The building is sidewalk adjacent to the north with an easement for a walking path on the western side of the property. Total parcel size is 0.061-acres.
Unit 1 - 778sf - Leased
Unit 2 - 807sf - Leased
East Hampton retail demand has been one of the strongest in the history of the Hamptons with vendors vying to secure space. These dynamics have been steady and slow to change.
Unique opportunity for an owner-user or standard investment property.
Surrounding Neighbors:
Tutto Caffe, Double RL, Stone Source, John Papas Cafe, Aviator Nation, White’s Apothecary, Bluemercury, Todd Snyder, Compass, Obligato, Gubbins, JPMorgan Chase
Inquire with the Hamptons Commercial RE Team for additional information.
Tax Map #: 0301-003.00-06.00-021.002
2023 Town Taxes - $6,180.90
2023 Village Taxes - $2,438.21
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,585 SF
Year Built
1960
Price
£2,783,970
Price Per SF
£1,756
Percent Leased
100%
Number of Floors
1
Building FAR
0.62
Lot Size
0.06 AC
Parking
72 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
58 ft on Park Place
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Courtyard
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Nearby Major Retailers
1 of 14
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32 Park Pl
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