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1 S Midway Rd
Shelter Island, NY 11964
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Grandfathered Use
- Extensive Outdoor Storage
- Multi Tenant Industrial
- Close to Everything
EXECUTIVE SUMMARY
Rare Opportunity To Continue Commercial Use or Residential Conversion.
Since 1946, 1 S Midway Road has been home to an automotive repair / engine repair / boat repair / barge repair / welding / car storage / boat storage business with a co-tenant art gallery & studio. This is a non-conforming business property that cannot be replicated! Commercial property on Shelter Island is rare, so there is great value in maintaining the current use or pursuing a residential redevelopment.
6,500sf Building.
3.66 Acres.
The footprint of the building cannot be increased but a second story can be added with a special permit. There is also potential for a rewarding residential conversion as an adjacent property on a lot size under 1 acre with a 5000sf home and pool just listed for $3.2 million.
Please inquire exclusively with the Hamptons Commercial RE Team for additional information.
Since 1946, 1 S Midway Road has been home to an automotive repair / engine repair / boat repair / barge repair / welding / car storage / boat storage business with a co-tenant art gallery & studio. This is a non-conforming business property that cannot be replicated! Commercial property on Shelter Island is rare, so there is great value in maintaining the current use or pursuing a residential redevelopment.
6,500sf Building.
3.66 Acres.
The footprint of the building cannot be increased but a second story can be added with a special permit. There is also potential for a rewarding residential conversion as an adjacent property on a lot size under 1 acre with a 5000sf home and pool just listed for $3.2 million.
Please inquire exclusively with the Hamptons Commercial RE Team for additional information.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,500 SF
Building Class
C
Year Built
1980
Price
$2,650,000
Price Per SF
$407.69
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.66 AC
Zoning
C
Parking
30 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
1 of 19
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