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$ 3,500,000
Est. payment /mo
Pending
98 Newtown Lane East Hampton, NY 11937
1 Bath
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status pending
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $1,750
MLS Listing ID 11588740
Full Baths 1
Year Built 1920
Annual Tax Amount $8,961
Property Description
Existing Retail, Office & Residential with Expansion Potential - Newtown Lane Location - Situated along one of East Hampton Village's most recognizable commercial corridors, this 0.3-acre property offers a rare combination of existing income, redevelopment potential, and on-site parking-an exceptional find in the Village core. The site holds a commanding position on Newtown Lane with deeded access to Osborne Lane, ensuring both visibility and accessibility for tenants and patrons alike. Multi-Tenant Configuration - The 2,245sf main building holds a valid Certificate of Occupancy for three residential units and is currently configured as a dry retail store, professional office, and apartment. Adaptable layout supports a variety of uses, including live/work, retail, or professional, within the Village's "Commercial" zoning district. Site Plan for Additional Building - A proposed site plan allows for the removal of the existing three-car garage and the construction of a new, freestanding two-story commercial building totaling 852sf (426sf per floor). The proposed plan also expands on-site parking to 19 spaces-an unparalleled advantage in the Village market. Rare East Hampton Investment Opportunity - With its existing mixed-use income, prime Newtown Lane frontage, and expansion potential through an approved second building, this property represents one of the few truly flexible investment offerings in the Village. Surrounding Neighbors: Wittendale's Garden Center, UPS, Hampton Chutney, Zakura Take-Out, The Sweet Spot, Riverhead Building Supply, Harper's Books
Location
State NY
County 36059
Rooms
Dining Room 0
Kitchen 0
Exterior
Parking Features Detached
Garage Spaces 3.0
Building
Story 2