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98 Newtown Ln 2,245 SF 100% Leased Office Building East Hampton, NY 11937 $4,838,750 CAD ($2,155.35 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prominent Newtown Lane Location
- Site Plan for Additional Building
- Existing Multi-Tenant Configuration
- Rare East Hampton Investment Opportunity
EXECUTIVE SUMMARY
East Hampton Village Mixed-Use Property
Existing Retail, Office & Residential with Expansion Potential
Prominent Newtown Lane Location – Situated along one of East Hampton Village’s most recognizable commercial corridors, this 0.3-acre property offers a rare combination of existing income, redevelopment potential, and on-site parking—an exceptional find in the Village core. The site holds a commanding position on Newtown Lane with deeded
access to Osborne Lane, ensuring both visibility and accessibility for tenants and patrons alike.
Existing Multi-Tenant Configuration – The 2,245sf main building is currently configured as a dry retail store, professional office, and apartment. Adaptable layout supports a variety of uses, including live/work, retail, or professional, within the Village’s “Commercial” zoning district.
Site Plan for Additional Building – A proposed site plan allows for the removal of the existing three-car garage and the construction of a new, freestanding two-story commercial building totaling 852sf (426sf per floor). The proposed plan also expands on-site parking to 19 spaces—an unparalleled advantage in the Village market.
Rare East Hampton Investment Opportunity – With its existing mixed-use income, prime Newtown Lane frontage, and
expansion potential through an approved second building, this property represents one of the few truly flexible investment offerings in the Village.
Asking Price: $3,500,000
Surrounding Neighbors:
Wittendale’s Garden Center, UPS, Hampton Chutney, Zakura Take-Out, The Sweet Spot, Riverhead Building Supply, Harper’s Books
Inquire with the Hamptons Commercial RE Team for additional information.
Tax Map #: 472401 001000 0007 004001 2024 Town Taxes - $6,539.88 2024 Village Taxes - $2,420.88
Existing Retail, Office & Residential with Expansion Potential
Prominent Newtown Lane Location – Situated along one of East Hampton Village’s most recognizable commercial corridors, this 0.3-acre property offers a rare combination of existing income, redevelopment potential, and on-site parking—an exceptional find in the Village core. The site holds a commanding position on Newtown Lane with deeded
access to Osborne Lane, ensuring both visibility and accessibility for tenants and patrons alike.
Existing Multi-Tenant Configuration – The 2,245sf main building is currently configured as a dry retail store, professional office, and apartment. Adaptable layout supports a variety of uses, including live/work, retail, or professional, within the Village’s “Commercial” zoning district.
Site Plan for Additional Building – A proposed site plan allows for the removal of the existing three-car garage and the construction of a new, freestanding two-story commercial building totaling 852sf (426sf per floor). The proposed plan also expands on-site parking to 19 spaces—an unparalleled advantage in the Village market.
Rare East Hampton Investment Opportunity – With its existing mixed-use income, prime Newtown Lane frontage, and
expansion potential through an approved second building, this property represents one of the few truly flexible investment offerings in the Village.
Asking Price: $3,500,000
Surrounding Neighbors:
Wittendale’s Garden Center, UPS, Hampton Chutney, Zakura Take-Out, The Sweet Spot, Riverhead Building Supply, Harper’s Books
Inquire with the Hamptons Commercial RE Team for additional information.
Tax Map #: 472401 001000 0007 004001 2024 Town Taxes - $6,539.88 2024 Village Taxes - $2,420.88
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,245 SF
Building Class
C
Year Built
1905
Price
$4,838,750 CAD
Price Per SF
$2,155.35 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,123 SF
Slab To Slab
10’
Building FAR
0.14
Lot Size
0.38 AC
Parking
22 Spaces (9.8 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
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PROPERTY TAXES
| Parcel Number | 0301-001-00-07-00-004-001 | Improvements Assessment | $6,421 CAD |
| Land Assessment | $4,327 CAD | Total Assessment | $10,749 CAD |
PROPERTY TAXES
Parcel Number
0301-001-00-07-00-004-001
Land Assessment
$4,327 CAD
Improvements Assessment
$6,421 CAD
Total Assessment
$10,749 CAD
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98 Newtown Ln
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