31 Ponquogue Ave, Hampton Bays, NY
Multi-Use for Sale - $8,995,000 - 21,000 Sq. Ft. on 3.75 acres
Property Info
| CIMLS# | 987510 |
| Location 31 Ponquogue Ave Hampton Bays NY 11946 | |
| Updated | October 10th, 2019 |
| Type | Multi-Use |
| Price | $8,995,000 |
| Building | 21,000 Sq. Ft. |
| Land | 3.75 acres |
Property Description
3.75 Acre Parcel Zoned M.U.P.D.D. (Multi Use Planned Development District)
- Development Options:
- Senior Housing (up to ~120 Units) or Transit Oriented Art Space Residential; Mixed Use or Planned Development
- Warehouse/ Self Storage / 3 Stories of Development
- 300 Ft to M.T.A./Long Island Rail Rd - Optimal for N.Y.S Grants & Transit Oriented Development (T.O.D) Credits. Green Credits Opportunity due to Location
- Steps to Downtown Main Street Pedestrian Corridor with Retail; Restaurants; Theaters; Town Square and Amphitheatre
- New Overlay District (O.D.) Designation in Town of Hampton Bays approved. New Business Improvement District (B.I.D) for Main Street Commercial Corridor Redevelopment Project
- Biking Distance to World famous Dune Road Beaches, Shoreline Events & Restaurants
- Prime Millennial Development Opportunity and Retail.
** Collect Rent from existing buildings while awaiting approvals. - Call for Revenues
- Sold Subject To Approvals
Demographics: New $110 Million Waterfront Resort Development in progress w/ Condo's ($1.1m Starting price) Retail and Events Corridor on Shinnecock Waterway. Also new Main St Redevelopment Pending w/Downtown Retail and Walking Corridor slated w/ top N.Y.S Redevelopment Engineers with successful track records in Downtown Optimization Initiatives. Call for Details.
- Priced from $4,995,000 to $5,995,000 - 2.75 to 3.75 Acres Available
Financials
Zoned M.U.P.D.D (Mixed Use Planned Development District) Self Storage; Mixed Residential & Retail or Other...
Less than 300 Ft to Mass Transit Railroad - N.Y.C. to Montauk Line
Uses qualify for Tier 1 - T.O.D. State and Federal Credits (Transit Oriented Development)
Green Transportation Funding Applicable
Steps to Downtown Commuter and Retail Corridor / Main Street Shopping; Restaurants & Theaters
Biking Distance to World Famous Dune Rd Beaches & Seaside Attractions
Located in New Town of Southampton Overlay District (O.D.) - Call for Development Upsides & B.I.D. Metrics
Perfectly Situated for Senior Housing - Plans in Place
Corner to Corner Property