2 Montauk Highway WATER MILL, NEW YORK
STATEMENT OF CONFIDENTIALITY AND DISCLAIMER The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Saunders & Associates (“Saunders”) and it should not be made available to any other person or entity without the written consent of Saunders. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Saunders. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The information contained in this offering memorandum has been obtained from sources Saunders believes to be reliable; however, Saunders has not verified, and will not verify, any of the information contained herein, nor has Saunders conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT JOHN WINES, WILLIAM WINES, OR LEE MINETREE FOR MORE DETAILS.
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INTRODUCTION 2 Montauk Highway offers some of the best new commercial space on the East End of Long Island.
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Subject Property
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PRIME LOCATION The property is located on the main east-west access artery to Long Island’s South Fork at the signalized corner of Route 27 and Flying Point Road. Approximate Driving Times: Southampton Village ......................................................................................... 4 minutes Water Mill ........................................................................................................... 12 minutes Bridgehampton .................................................................................................. 16 minutes North Haven ...................................................................................................... 24 minutes Sag Harbor Village ............................................................................................. 25 minutes East Hampton Village ....................................................................................... 28 minutes Amagansett ....................................................................................................... 32 minutes Montauk ............................................................................................................. 47 minutes New York City .................................................................................................... 90 minutes
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UNMATCHED VISIBILITY This is one of the most active and visible corners in the Hamptons. As such, the property benefits from extraordinary accessibility and exposure. In fact, local data indicates that the property is passed by more than 30,000 vehicles each day during peak traffic periods
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MULTI-USE ZONING This prominent complex boasts more than two acres of land and is located in the Highway Business zoning district, which allows for multiple uses including select retail as well as office.
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PROPERTY IMPROVEMENTS The grounds have recently been improved with two brand new commercial buildings providing space that is now available to rent. What’s more, these buildings enjoy access to 83 on-site parking spaces.
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BUILDING ONE Building One has two half bathrooms and is partitioned into three suites totaling nearly 4,000 square feet of above-ground space, all of which has been leased to Weill Cornell Medicine.
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BUILDING TWO Building Two is comprised of six suites totaling around 14,000 square feet of above ground space. The building further benefits from two half bathrooms and a full basement. Four of the six existing above ground suites in this building are currently leased.
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SUMMARY
PROPERTY • 2.68 acres • Zoned Highway Business • Multiple uses including select retail as well as office
LOCATION • At the signalized corner of Route 27 and Flying Point Road • Main east-west access artery to Long Island’s South Fork • Passed by more than 30,000 vehicles each day
IMPROVEMENTS • Two brand new commercial buildings • Access to 83 on-site parking spaces • Construction completed in 2019
BUILDING ONE • 4,000 square feet of above-ground space • 4,000 square feet of below-ground space • Fully leased out to Weill Cornell Medicine
BUILDING TWO • • • •
15,000 square feet of above-ground space 15,000 square feet of below-ground space Vehicle accessible basement Four of six units in building are leased
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LEARN MORE Using your smart device, scan the QR code provided below to learn more about this incredible property.
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2 Montauk Highway Water Mill, New York 11968 Exclusive | $12,500,000 2MontaukHighway.com This property is exclusively represented by
John Wines
Bill Wines
Lee Minetree
Licensed Associate RE Broker as John F. Wines
Licensed Associate RE Broker as William T. Wines
Licensed Associate RE Broker as Lee V. Minetree
(631) 766-1901 | JWines@Saunders.com
(631) 766-3970 | BWines@Saunders.com (516) 729-7963 | LMinetree@Saunders.com
As a licensed real estate broker, Saunders & Associates is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. Saunders & Associates encourages and supports an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. All material presented in this publication is intended for informational purposes only. While this information is believed to be correct, it is presented subject to errors, omissions, change and withdrawal without notice. All material presented here is intended for informational purposes only and all outlines are approximate. Please recycle this booklet. “Saunders, A Higher Form of Realty” is registered in the U.S. Patent and Trademark Office. Licensed as John F. Wines & William T. Wines