East Quogue FOR SALE


East Quogue, NY
$2,400,000 USD
631-723-2721
, East Quogue, NY for Sale
$2,400,000 USD
FOR SALE
1/13
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East Quogue
East Quogue, NY


HIGHLIGHTS

  • With over an acre of adjoining land available, the retail building is ideal for contractors, investors, or developers seeking ample opportunity.
  • The building has a fifty-year metal roof and a propane gas furnace, both of which have been replaced recently.
  • The properties are adjacent to East Quogue Fire Department and are only a two-minute walk from the local post office.
  • The daily traffic counts for this location exceed 9,300, providing ample visibility to all passersby.
  • This location provides an ideal opportunity for a business to thrive in a highly residential area with median incomes of over $98,000.
  • This portfolio sale allows buyers to explore countless possibilities and build a successful business in the wonderful Hamlet in the Hamptons.

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Richard ConnellyDouglas EllimanMore Info
631-723-2721

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Richard ConnellyDouglas EllimanMore Info
631-723-2721

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