Opportunity to purchase a 2,512 sq ft Building with a newer 50 year metal roof and newer propane gas furnace on .26 of an Acre on highly-trafficked Montauk Hwy with additional 1.01 adjacent lot included in the asking price of $2.4 million. Zoned Village Business. The Hardware store business and inventory, other than the machinery rental business, may also be included for a total asking price of $2.6 million. The Building, Business and Inventory is also offered at $1,650,000. The Land is zoned 54.5% Village Business and 45.5% Residential. The Store is zoned Village Business. Great for Contractors, who may require outdoor storage, Investors or Developers. The 1.01 Acre lot can not be sold separately, however, the Buyer has an option to lease it, if so desired. Use your imagination to create your business in this wonderful Hamlet in the Hamptons!
494 & 500 Montauk Highway, Southampton, (East Quogue), NY, 11942
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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