4
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$2,995,000
Est. payment /mo
3,480 Sqft Lot
New
45 S Elmwood AVE Montauk, NY 11954
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1056133
Rental Info No
Annual Tax Amount $9,167
Lot Size 3,480 Sqft
Acres 0.0799
Property Sub-Type Business
Source onekey2
Property Description
Set in the heart of Montauk, the location benefits from one of the East End's most recognizable year-round and seasonal destinations. Positioned one block from the beach and directly below the main traffic circle, the area sits along a prime beach-town pedestrian corridor and experiences strong vehicle traffic at the main circle. Montauk is known for its vibrant downtown, established hospitality scene, and steady flow of visitors drawn to its beaches, marinas, restaurants, and retail corridors. Nearby points of interest include Kirk Park Beach, the Montauk Point Lighthouse, Lake Montauk, and the Long Island Rail Road's Montauk station. The area is also known for popular dining and gathering spots such as The Surf Lodge and Gosman's Dock. For an investor, Montauk offers irreplaceable coastal retail in one of the most supply-constrained markets in the Hamptons, with destination traffic, visibility, and a distinct identity that continues to attract locals and visitors alike. An exceptional opportunity to acquire a 2,800 SF retail building with a full basement on an approximately 0.07 acre lot in Montauk. The property includes an operating laundromat and is offered with fee simple ownership, creating a compelling investment without landlord risk.
Location
State NY
County Suffolk County
Rooms
Basement Full
Interior
Heating Propane
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Private
Utilities Available Electricity Connected, Propane
Building
Sewer Cesspool
Water Other
Structure Type Brick
Schools
Elementary Schools Montauk School
Middle Schools East Hampton Middle School
High Schools East Hampton
School District East Hampton
Others
Special Listing Condition None
Listed by Hedgestone Commercial Rlty LLC • Pedro L. Lantigua
Nearby Locations
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