521 Montauk Highway

Commercial For Sale  • 
Suffolk
Web ID # 3483881 (550067) MLS

$ 7,950,000

5,000 ft2  
Tax (Annually): $15,282
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!

HEATING & COOLING

Air Conditioning 
Heating Type:  Propane, Forced Air

UTILITIES

Sewer:  Septic Tank

LOT FEATURES

Lot Size Source:  Other
Lot Dimension 
Zoning:  Commercial
Lot Size (Acres):  0.5
Lot Size (Sq. Ft.):  21, 780

STRUCTURAL INFORMATION

Property Attached 
Year Built:  1975
Sq. Ft. Source 
Square Feet 

DISCLOSURES AND REPORTS

Inclusions 
Parcel Number:  0300-150-00-05-00-028-004
TaxMap Number 
Ownership 
Buyer's Brokerage Compensation 

Courtesy Of Douglas Elliman Real Estate

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Estimated Monthly Costs


$40,200
Est. Mortgage
$1,274
Real Estate Tax
$41,473
Monthly Total*
* The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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IDX Information

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