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17 S Edison St 2,729 SF of Retail Space Available in Montauk, NY 11954
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,729 SF | Negotiable | $78.82 CAD/SF/YR $6.57 CAD/SF/MO $215,100 CAD/YR $17,925 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,729 SF | Gross Leasable Area | 2,729 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Freestanding |
| Total Space Available | 2,729 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,729 SF |
| Year Built | 1980 |
About the Property
Prime Downtown Location - Positioned in the heart of the Downtown Business District, near the Circle and close to the beach, the 2,729sf site sits among some of the season's highest-grossing restaurant addresses in the region. Central Dining Room - The first room guests enter features soaring a-frame ceilings with a skylight, a service bar, and direct access to the restrooms. This room seats 34. Main Dining Room - A run of French doors opens the central room into this space, creating an indoor-outdoor feel without stepping outside. Abundant east- and south- facing windows keep the room bright throughout the day. This room seats 50. Full-Service Bar - A dedicated bar area offers 12 stools plus 12 built-in bench seats, for 24 total, with its own complete beverage program. Back of House & Alley Access - 18 additional seats along the sidewalk activate the storefront and draw passing foot traffic. A side alley provides employee parking and a dedicated delivery entrance, adding operational flexibility, which includes a large kitchen, 60sf shed, and 112sf walk in freezer for the full 126-seat program. Surrounding Neighbors - Joni's Cafe, Whalebone, Goldberg's, Wasabi Beach Sushi & Kitchen, Shagwong, Montauk Vintage, M&T Bank, The Montauk Beach House, Below The Blue, Royal Atlantic, Bounce Beach, Daunt's Albatross Motel Asking Price - $156,000 / yr + NNN and $250,000 Key Money
Nearby Major Retailers
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17 S Edison St
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