45 S Elmwood Ave - Storefront FOR SALE


Montauk, NY 11954
$2,900,000 USD
631-678-2460
45 S Elmwood Ave, Montauk, NY for Sale
$2,900,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

45 S Elmwood Ave
Montauk, NY 11954


HIGHLIGHTS

  • Rare Asset in the Montauk Business District with Private Parking.
  • Located in the Central Business (CB) zoning, the property supports a wide range of commercial uses including retail, take-out food, personal services
  • Full basement with high ceilings enhances the operational usability.

OVERVIEW

Montauk Retail Building & Laundromat Business Rare Asset in the Business District with Private Parking Core Commercial Location in Montauk – Positioned just below the traffic circle and only one block away from the beach, this 2,000sf single-story building sits on a 0.07-acre parcel in the heart of Montauk’s Downtown Business District. The site boasts private front and rear parking, large display windows, and strong pedestrian / vehicle presence — making it one of the most strategically located retail assets in the area. Full basement with high ceilings enhances the operational usability. CB Zoning With Valuable Repositioning Potential – Located in the Central Business (CB) zoning district, the property supports a wide range of commercial uses including retail, take-out food, personal services, professional office, workshops, and gallery space. With existing wastewater capacity, the site may also be eligible for restaurant conversion — subject to required studies and approvals — a use in high demand throughout Montauk. Laundromat Business Available With Real Estate – Currently operating as a fully upgraded laundromat, the property may also be purchased with the existing business operation in place. With 43 machines and no competing facilities for over 13 miles, the My Sunny Laundry Montauk Laundromat serves a critical need for locals, visitors, and seasonal hospitality staff. Laundromats remain one of the most sought-after acquisition categories in small business investment — offering stable cash flow, low staffing requirements, and recession-resistant demand.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$1,468 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,220 SF

ZONING

-

APN/PARCEL ID

0300-049-00-04-00-040-000

ASK ABOUT THIS PROPERTY

Hal ZwickCompassMore Info
631-678-2460

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Hal ZwickCompassMore Info
631-678-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.