521 Montauk Highway Amagansett, NY $ 7,950,000
521 Montauk Highway
$ 7,950,000
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521 Montauk Highway

Amagansett, NY, 11930
$ 7,950,000
Baths0.0 Sq 21,780

Monthly Estimate*

$ 52,838

521 Montauk Highway, Amagansett, NY 11930 - Image 1
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521 Montauk Highway, Amagansett, NY 11930 - Image 9
Studio

Commercial Property for sale in Amagansett, NY

for $7,950,000. This 21,780 square foot building was built in 1975 on a lot size of 0.5.

Excellent Opportunity to buy or lease this Commercial property situated in the heart of Amagansett, in East Hampton Township. This 1.50 Acre property consists of 2 lots with 171 feet of frontage that is home to a 5,000 SF former restaurant that allows seating up to 186 people. Parking plan 80+ cars. Updates include steel and structural work, new windows and doors, phase 3 electric, 3000 propane tank, and HVAC. Building is considered "warm dark shell" and ready for your business! Seller can retrofit or build out. Near LIRR, Village, Ocean beaches and last stop before Montauk. Ideal location for use as restaurant, wine bar, brewery, convenience store, grocery, general store, furniture or design showroom, medical use or nearly any retail commercial use with site plan approval. Brand new apartment complex right next door! Highly desirable demographic with daily traffic counts of 14K cars passing and doubled in the spring/summer season. Many possibilities for use!

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Commercial Active

Price

$ 7,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,282

Style

Lot Size

0.5

Year Built

1975

Town/City

Amagansett

County/Region

Suffolk

MLS | Web ID

3483881

Features
General
Standard Status Active
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* Excluded Features
List By
Melissa Principi

Listing Agent

Douglas Elliman Real Estate

Broker

Melissa.Principi@elliman.com

Email

Affordability Calculator

$54,112
Per Month
98%
2%
0%
Monthly Principal & Interest
$52,838
Monthly Property Taxes
$1,274
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2023$7,950,000 Listed Price

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521 Montauk Highway, Amagansett, NY, 11930 is a Commercial Property for sale at $7,950,000 with 21,780 sqft and a lot size of 0.5. 521 Montauk Highway is a studio with 0.0 baths and was built in 1975. The property's zip code is 11930 which is in Amagansett, NY