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INVESTMENT HIGHLIGHTS
- With over an acre of adjoining land available, the retail building is ideal for contractors, investors, or developers seeking ample opportunity.
- The properties are adjacent to East Quogue Fire Department and are only a two-minute walk from the local post office.
- This location provides an ideal opportunity for a business to thrive in a highly residential area with median incomes of over $98,000.
- The building has a fifty-year metal roof and a propane gas furnace, both of which have been replaced recently.
- The daily traffic counts for this location exceed 9,300, providing ample visibility to all passersby.
- This portfolio sale allows buyers to explore countless possibilities and build a successful business in the wonderful Hamlet in the Hamptons.
EXECUTIVE SUMMARY
This portfolio sale of two commercial properties at 494 Montauk Hwy and 500 Montauk Hwy in East Quogue offers the opportunity to run a business in a prime location with a 2,512 square foot building and an adjacent 1.01-acre lot. The current hardware store occupying the retail building at 494 Montauk Hwy can be acquired with the building and adjacent land for $2,600,000, with all inventory, other than that of the machine rental business, included. Without the business and inventory, the building and lot can be purchased for $2,400,000. If preferring to purchase the building and business with inventory, but without the adjacent lot, the purchase price is $1,650,000. The land at 500 Montauk Hwy is zoned as 54.5% village business and 45.5% residential, while the building at 494 Montauk Hwy is zoned solely as village business. The lot cannot be purchased separately—though a lease option is available to interested parties. These properties are conveniently located less than a mile away from the Shinnecock Bay and only a six-minute walk from East Quogue Park.
PROPERTY FACTS
| Price | $2,400,000 | Number of Properties | 2 |
| Price / SF | $960.00 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 2,500 SF |
| Status | Active | Total Land Area | 1.32 AC |
| Price | $2,400,000 |
| Price / SF | $960.00 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 2,500 SF |
| Total Land Area | 1.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 500 Montauk Hwy, East Quogue, NY 11942 | Land | 1.01 AC | - | $1,100,000 |
| 494 Montauk Hwy, East Quogue, NY 11942 | Retail | 2,500 SF | 1980 | $1,200,000 |
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