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32020237
32020236

2 Locations

SD
NY NY 10401366519
Compass
Compass Real Estate
JS
NY 10401279108
Compass Real Estate
Listed by Compass, Compass Real Estate
$19,000,000
42 days on market
Updated 19 days ago

136 Main St & 11 Indian Wells Hwy

Details
APN 172.000-0006-006.001 0000, 172.000-0006-003.000 0000
Property Type Mixed Use
Sub Type Retail, Office (+1)
Square Footage 16,920
Units 14
Tenancy Multi
Buildings 2
Acreage 2.290
Parking Spaces 33 spaces
Parking Per SqFt 1.95
Investment Type Stabilized

Mixed Use | 16,920 SqFt

Marketing description

UNLOCK A LEGACY HAMPTONS FOOTPRINT - Secure the largest contiguous commercial footprint available in the Amagansett Town Center, a 2.287-acre assemblage that defines the gateway to the community. This multi-asset portfolio offers 16,920sf of existing mixed-use space; high-traffic retail, cafe/dining retail, professional office suites, & rare garage/ art gallery capacity in the Central Business district. With Amagansett's increasing demand for boutique retail, office, & restaurant space, this assemblage's diverse tenant roster provides immediate stability with repositioning potential.

136 MAIN STREET - Occupying a prominent 1.099-acre parcel with 115 feet of street frontage, this prized 8,019sf Main Street anchor offers 10-units as built. The structure features prime retail stores, professional second-floor offices, and a 2,371sf industrial automotive center in the rear, serviced by a parking lot with ample spaces. This "investor's dream" thrives on tenant diversity and the high demand for smaller retail units in the most vibrant, young, and trending community in the Hamptons.

11 INDIAN WELLS HIGHWAY - A 8,901sf three-story, mixed-use commercial facility situated on 1.188-acres. This unique 4-unit hub features a high-utility 2,877sf walk-out lower level with grade-level dual door access, a 3,180sf first floor with a multi-faceted floor plan (including a 1-bed apartment), & a 2,844sf second floor accessible via a central elevator and multiple staircases. The property is complemented by a paved 33-space parking lot and manicured grounds, currently serving as a premier gallery & professional studio, but with a distinguished history of business uses.

ACCELERATED GROWTH AND DEVELOPMENT OPPORTUNITY - A proposed site plan would add a new building on the two-sites and combine the parcels. Additional repositioning routes include a cafe restaurant, destination retail or elite fitness center - barring all necessary approvals.

Investment highlights

  • Secure the largest contiguous commercial footprint available in the Amagansett Town Center, a 2.287-acre assemblage that defines the gateway to the community
  • 16,920sf of existing mixed-use space; high-traffic retail, cafe/dining retail, professional office suites, & rare garage/ art gallery capacity in the Central Business district
  • Amagansett's increasing demand for boutique retail, office, & restaurant space
  • 136 Main Street: 1.099-acre parcel with 115 feet of street frontage, 8,019sf, 10-units
  • 11 Indian Wells Highway: 8,901sf three-story, mixed-use commercial facility on 1.188-acres, 4-unit hub
  • Paved 33-space parking lot and manicured grounds
  • A proposed site plan would add a new building on the two-sites and combine the parcels
  • Additional repositioning routes include a cafe restaurant, destination retail or elite fitness center

Listing Contacts

SD
NY NY 10401366519
Compass
Compass Real Estate
JS
NY 10401279108
Compass Real Estate
Listed by Compass, Compass Real Estate

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Additional Information

Name
Sean Deery
License
NY 10401366519
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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