18.60 Acre Development Site
Re-Development Site
Marketing description
Amazing Opportunity to develop a Large 18.60 acre tract of land (3-lots) @ Entrance to the exclusive Hamptons!
Ownership is willing to sell “Subject to” either a residential or industrial type development, which will require purchaser to seek complete planning board approvals thru Southampton Town.
Property is 1/4 mile from the Long Island Rail Road/Speonk Train Station…would make for a great Transit Oriented Development (TOD), cluster housing, workforce housing, 55+, and/or assisted living facility.
Also, possibility to get rezoned for Industrial Park…as property is bordered by Industrial Zoned land on two sides.
Currnet zoning is R-40, with “as of right” for 1-acre lot subdivision, which would yield approx. 11 SFR’s. Land use also allows for agricultural purposes, such as horse farm, tree farm, nursery/greenhouses, etc…
Ownership willing to sell “as is” or, Entertain a “Subject to” sale for a viable Development with price TBD…
Investment highlights
1/4 Mile from LIRR Speonk Train Station…great location for a TOD residential development!
Several multi-family developments have recently received approvals for 6+ units per acre = 110 Potential multi-family units!!
TWO access points, Old Country Road & Jagger Path via Montauk Highway
Potential for re-zoning to Industrial, as site shares TWO property lines with Industrial land
Located 1.5 Hours from NYC
10 Mins from beautiful beaches on the famous Dune Road
Houses selling >$900K in immediate area
Located at entrance to the Exclusive Hamptons
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