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525 Montauk Hwy

1,800 SF Retail Building Eastport, NY 11941 £953,555 (£530/SF)

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INVESTMENT HIGHLIGHTS

Established 30 year old well regarded business plus the land and adjacent vacant lot w great expansion potential
Incredible upside potential

Excellent location and a corner lot for easy traffic, customer and delivery flow
Adjacent .25ac lot

EXECUTIVE SUMMARY

Opportunity is endless. The offering of this very well-known gourmet market includes an immediate operating business replete with an attractive return on investment, the building, and the land with room for expansion. As a BONUS, the adjacent vacant lot is included adding even more value and further investment potential. Don't miss the chance to own a great piece of real estate, add your personal touch & grow the year-round business, in an area with very little competition in a great community. Taxes: $15,482.18, additional Bonus lot taxes $221.17, Total taxes for both parcels $15,703.35

PROPERTY FACTS Under Contract

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Freestanding

Building Size

1,800 SF

Building Class

Year Built

1970

Price

£953,555

Price Per SF

£530

Tenancy

Single

Number of Floors

Building FAR

0.14

Lot Size

0.30 AC

Zoning

C - Opportunity is endless. Existing business &/or redevelop w expansion potential. Adjacent .25ac lot INCLUDED in sale. Great corner lot. Don't miss it!

Parking

40 Spaces (22.22 Spaces per 1,000 SF Leased)

Frontage

145 ft on Montauk Hwy

AMENITIES

Signage

ABOUT 525 MONTAUK HWY , EASTPORT, NY 11941

Opportunity is endless on existing business and/or redevelopment - sale INCLUDES .25ac adjacent lot. The offering of this very well-known gourmet market includes an immediate operating business replete with an attractive return on investment, the building, and the land with room for expansion. As a BONUS, the adjacent vacant lot is included adding even more value and further investment potential. Don't miss the chance to own a great piece of real estate, add your personal touch & grow the year-round business, in an area with very little competition in a great community with solid demographics and high demand. Taxes: $15,482.18, additional Bonus lot taxes $221.17, Total taxes for both parcels $15,703.35

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