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Investment Highlights
- The Subject Property sits on a 0.63-acre parcel and contains approximately 4,000 square feet of retail space.
- The building is currently occupied by Matsulin, with just over two years remaining on the existing lease.
- Near LIRR Station.
- The property benefits from strong on-site parking 7.75 spaces per 1,000 SF.
- Predictable near-term cash flow today while also positioning the asset as a compelling end-user opportunity upon lease expiration.
Executive Summary
Marcus & Millichap is proud to present for sale 131 W Montauk Highway (“Subject Property”), a well-located retail asset in the heart of Hampton Bays, NY.
The Subject Property sits on a 0.63-acre parcel and contains approximately 4,000 square feet of retail space. The building is currently occupied by Matsulin, with just over two years remaining on the existing lease. This structure provides flexibility for investors—offering predictable near-term cash flow today while also positioning the asset as a compelling end-user opportunity upon lease expiration.
The existing restaurant space is well-maintained, functional, and presents well to both operators and customers. Its clean layout, quality build-out, and strong curb appeal make it immediately usable for a wide range of food-service concepts, reducing downtime and conversion costs for a future occupant.
The property benefits from strong on-site parking (7.75 spaces per 1,000 SF) and a highly visible location along Montauk Highway. Surrounding national retailers include Regal Cinemas, King Kullen, Life Storage, Dunkin’, 7-Eleven, and numerous other daily-needs and destination tenants that drive consistent traffic throughout the trade area.
Local demographics underscore the strength of the market, with average household incomes exceeding $153,000 within a three-mile radius. Additional information is available upon request.
The Subject Property sits on a 0.63-acre parcel and contains approximately 4,000 square feet of retail space. The building is currently occupied by Matsulin, with just over two years remaining on the existing lease. This structure provides flexibility for investors—offering predictable near-term cash flow today while also positioning the asset as a compelling end-user opportunity upon lease expiration.
The existing restaurant space is well-maintained, functional, and presents well to both operators and customers. Its clean layout, quality build-out, and strong curb appeal make it immediately usable for a wide range of food-service concepts, reducing downtime and conversion costs for a future occupant.
The property benefits from strong on-site parking (7.75 spaces per 1,000 SF) and a highly visible location along Montauk Highway. Surrounding national retailers include Regal Cinemas, King Kullen, Life Storage, Dunkin’, 7-Eleven, and numerous other daily-needs and destination tenants that drive consistent traffic throughout the trade area.
Local demographics underscore the strength of the market, with average household incomes exceeding $153,000 within a three-mile radius. Additional information is available upon request.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Year Built
2001
Price
$2,500,000
Price Per SF
$625
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.63 AC
Zoning
OD - Hampton Bays Overlay District
Parking
31 Spaces (7.75 Spaces per 1,000 SF Leased)
Frontage
85’ on W Montauk Highway
Amenities
- Restaurant
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0900-222-00-01-00-035-001 | Improvements Assessment | $132,900 |
| Land Assessment | $522,600 | Total Assessment | $655,500 |
Property Taxes
Parcel Number
0900-222-00-01-00-035-001
Land Assessment
$522,600
Improvements Assessment
$132,900
Total Assessment
$655,500
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131 W Montauk Hwy
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