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40 Station Rd - Vacant Land 0.78 Acres of Commercial Land Offered at $3,995,000 in Water Mill, NY 11976

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INVESTMENT HIGHLIGHTS

  • Just off Montauk Highway
  • EV charger and overflow spaces across the street
  • Ample parking is included, with 55 spaces
  • Call Lee at (516) 729 - 7963 for more information today!

EXECUTIVE SUMMARY

Plans are approved for a spacious, 10,000 +/- sq. ft. modern office building with space for 4 separate tenants, a full basement, and an elevator. Completing this luxurious space, plans include a lush garden rooftop patio with glass railings. Ample parking is included, with 55 spaces, plus an EV charger and overflow spaces across the street. Attractively designed and in a great location, this rare development opportunity is not to be missed.

PROPERTY FACTS

Price $3,995,000
Sale Type Investment or Owner User
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Hold For Development
  • Hold For Investment
  • Office Park
  • Planned Unit Development
  • Unknown
Total Lot Size 0.78 AC
Cross Streets Montauk Hwy
Zoning VB - Village Business

1 LOT AVAILABLE

Lot 44

Price $3,995,000
Price Per AC $5,125,737.75
Lot Size 0.78 AC

Just off Montauk Highway in the rapidly growing hamlet of Water Mill, 40 Station Road represents a truly exciting development opportunity. Sited on a spacious .78-acre parcel in the heart of the Hamptons.

DESCRIPTION

Currently Vacant Land, yet plans are approved for a spacious, 10,000 +/- sq. ft. modern office building with space for 4 separate tenants, a full basement, and an elevator. Attractively designed and in a great location.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0900-114-00-01-00-044-000
Land Assessment
$725,600
Improvements Assessment
$0
Total Assessment
$725,600
  • Listing ID: 29359162

  • Date on Market: 8/24/2023

  • Last Updated:

  • Address: 40 Station Rd, Water Mill, NY 11976

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